Packard Corporation reported pretax book income of $500,300. Included in the computation were favorable temporary differences of $10,300, unfavorable temporary differences of $100,300, and unfavorable permanent differences of $80,150. The corporation's current income tax expense or benefit would be:
A) $140,795 tax expense.
B) $123,758 tax benefit.
C) $121,895 tax expense.
D) $105,063 tax benefit.
Correct Answer:
Verified
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