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Business, 20.09.2020 14:01 Ellem22

Angel Corporation reported pretax book income of $1,006,000. During the current year, the net reserve for warranties increased by $25,900. In addition, tax depreciation exceeded book depreciation by $101,500. Finally, Angel subtracted a dividends received deduction of $26,200 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 $1,006,000. During the current year, the net reserv...
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