Grand River Corporation reported pretax book income of $500,000. Included in the computation were favorable temporary differences of $100,000, unfavorable temporary differences of $10,000, and favorable permanent differences of $80,000. The corporation's current income tax expense or benefit would be:
A) $105,000 tax benefit.
B) $88,200 tax expense.
C) $86,100 tax benefit.
D) $69,300 tax expense.
Correct Answer:
Verified
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