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Business, 26.11.2019 19:31 Jasten

Qute, inc., earns book net income before tax of $500,000. in computing its book income, qute deducts $50,000 more in warranty expense for book purposes than is allowed for tax purposes. qute records no other temporary or permanent book-tax differences. assuming that the u. s. tax rate is 21% and no valuation allowance is required, what is qute’s total income tax expense reported on its gaap financial statements?

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Qute, inc., earns book net income before tax of $500,000. in computing its book income, qute deducts...
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