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For its first year of operations,Tringali Corporation's reconciliation of pretax accounting income to taxable income is as follows:
Tringali's tax rate is 40%.Assume that no estimated taxes have been paid.
-What should Tringali report as income tax payable for its first year of operations?

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Use the following to answer questions 
For its first year of operations,Tringali Corporation's reconciliation of pretax accounting income to taxable income is as follows:
  Tringali's tax rate is 40%.Assume that no estimated taxes have been paid.
-What should Tringali report as income tax payable for its first year of operations?

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The Answer of Use the following to answer questions 
For its first year of operations,Tringali Corporation's reconciliation of pretax accounting income to taxable income is as follows:
  Tringali's tax rate is 40%.Assume that no estimated taxes have been paid.
-What should Tringali report as income tax payable for its first year of operations?

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