Grand River Corporation reported pretax book income of $570,000. Included in the computation were favorable temporary differences of $135,000, unfavorable temporary differences of $66,000, and favorable permanent differences of $122,000. The corporation's current income tax expense or benefit would be:
A) $119,700 tax benefit.
B) $119,070 tax expense.
C) $105,210 tax benefit.
D) $79,590 tax expense.
Correct Answer:
Verified
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