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Business, 02.04.2020 03:35 slacker1738

49. Lodge Inc. reported pretax book income of $5,000,000. During the year, the company increased its reserve for warranties by $200,000. The company deducted $50,000 on its tax return related to warranty payments made during the year. What is the impact on taxable income compared to pretax book income of the book-tax difference that results from these two events

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49. Lodge Inc. reported pretax book income of $5,000,000. During the year, the company increased its...
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