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What dash corporation will have to pay taxes equal to

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Question 1 : Dash Corporation reported pretax income of $720,000 to shareholders for the current year, which included warranty expense of $80,000. For tax purposes warranty costs are not deductible until incurred. Actual warranty expenditures totaled $48,000. The tax rate is 30%. At year end, Dash Corporation will have to pay taxes equal to:

Reference no: EM132512353

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