The Willow Corporation reported $400,000 of taxable income.In making a conversion to book income, the accountant had to adjust for the following: a $25,000 Section 179 deduction, but book depreciation would have been $5,000; a fine of $12,500 for overweight trucks; and a net capital loss of $10,000.What is Willow Corporation's book income?

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The Answer of The Willow Corporation reported $400,000 of taxable income.In making a conversion to book income, the accountant had to adjust for the following: a $25,000 Section 179 deduction, but book depreciation would have been $5,000; a fine of $12,500 for overweight trucks; and a net capital loss of $10,000.What is Willow Corporation's book income?

The Willow Corporation Reported $400,000 of Taxable Income