During 2014,Epsilon Company had pretax accounting income of $620.Epsilon's only temporary difference for 2014 was the collection of a receivable that resulted in $220 of income under the installment sales method of revenue recognition that Epsilon uses for tax purposes.The sale was originally made in 2012 and recognized for accounting purposes at that time.Epsilon's taxable income for 2014 would be

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The Answer of During 2014,Epsilon Company had pretax accounting income of $620.Epsilon's only temporary difference for 2014 was the collection of a receivable that resulted in $220 of income under the installment sales method of revenue recognition that Epsilon uses for tax purposes.The sale was originally made in 2012 and recognized for accounting purposes at that time.Epsilon's taxable income for 2014 would be

During 2014,Epsilon Company Had Pretax Accounting Income of $620