During 2011, Alpha Company had pretax accounting income of $420. Alpha's only temporary difference for 2011 was the collection of a receivable that resulted in $120 of income under the installment sales method of revenue recognition that Alpha uses for tax purposes. The sale was originally made in 2009 and recognized for accounting purposes at that time. Alpha's taxable income for 2011 would be

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The Answer of During 2011, Alpha Company had pretax accounting income of $420. Alpha's only temporary difference for 2011 was the collection of a receivable that resulted in $120 of income under the installment sales method of revenue recognition that Alpha uses for tax purposes. The sale was originally made in 2009 and recognized for accounting purposes at that time. Alpha's taxable income for 2011 would be

During 2011, Alpha Company Had Pretax Accounting Income of $420