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Business, 24.03.2020 01:49 haileebug5049

Angel Corporation reported pretax book income of $1,000,000. During the current year, the net reserve for warranties increased by $25,000. In addition, tax depreciation exceeded book depreciation by $100,000. Finally, Angel subtracted a dividends received deduction of $25,000 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 $1,000,000. During the current year, the net reserv...
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