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ABC Coin Its First Year of Business Has Taxable Income of of $2,000,book

Question 25

Multiple Choice

ABC Co.in its first year of business has taxable income of $2,000,book depreciation of $3,000 and CCA of $4,600,and recognized $800 of warranty expense but performed no warranty service.ABC's pre-tax accounting income would be:


A) $1,200
B) $2,000
C) $2,800
D) $3,600

Correct Answer:

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