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What is the total temporary difference

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Question - The Flintstone Company incurred the following expenses in 2016, which are reported differently for financial reporting purposes and taxable income:

Estimate of bad debts expense (but not written off) $50,000

Estimated product warranty costs (but not paid) 20,000

If the tax rate is 40%, what is the total temporary difference?

a. $28,000

b. $150,000

c. $70,000

d. $20,000

Reference no: EM133026913

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