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During 2013,MJB Has Pre-Tax Accounting Income of $8,400

Question 50

Multiple Choice

During 2013,MJB has pre-tax accounting income of $8,400.There were no permanent differences.MJB's only temporary difference for 2013 was rent revenue collected in advance of $2,400.None of this amount is recognized for book purposes.MJB's taxable income for 2013 would be:


A) $6,000
B) $8,400
C) $9,600
D) $10,800

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