Business, 07.11.2019 05:31 willia343

For its first year of operations, tringali corporation's reconciliation of pretax accounting income to taxable income is as follows: pretax accounting income $ 300,000permanent difference (15,000 )285,000temporary difference-depreciation (20,000 )taxable income $ 265,000 tringali's tax rate is 40%. assume that no estimated taxes have been paid. what should tringali report as income tax payable for its first year of operations? $106,000.$120,000.$8,000.$114,000.

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For its first year of operations, tringali corporation's reconciliation of pretax accounting income...

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