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Business, 19.07.2021 16:30 aydenmasonc

Angel Corporation reported pretax book income of $1,016,000. During the current year, the net reserve for warranties increased by $27,400. In addition, tax depreciation exceeded book depreciation by $104,000. Finally, Angel subtracted a dividends received deduction of $28,200 in computing its current-year taxable income. Angel's hypothetical tax expense in its reconciliation of its income tax expense is:

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Angel Corporation reported pretax book income of $1,016,000. During the current year, the net reserv...
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