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Compute the companys current income tax expense or benefit

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Reference no: EM132379450

Question

Woodward Corporation reported pretax book income of $1,000,000. Included in the computation were favorable temporary differences of $200,000, unfavorable temporary differences of $50,000, and favorable permanent differences of $100,000. Compute the company's current income tax expense or benefit.

Reference no: EM132379450

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