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What is nbc taxable income for the year

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Reference no: EM132873260

Question 1: NBC Corp had $65,000 million in pretax accounting income this year. This included estimated warranty expense of $7 million, which is not deductible for tax purposes. Instead, NBC may deduct $5 million of actual warranty costs on its tax return. There were no other temporary or permanent book-tax differences. What is NBC's taxable income for the year

a) 70 Million
b) $72 million
c) 60 million
d) 67 million

Reference no: EM132873260

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