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Compute the company current income tax expense or benefit

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Question - Dixieland Corporation reported pretax book income of $2,300,000. Included in the computation were favorable temporary differences of $270,000, unfavorable temporary differences of $150,000, and favorable permanent differences of $120,000. Assume Dixieland's corporate tax rate is 21%. Compute the company current income tax expense or benefit.

Reference no: EM133110609

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