Collins, Inc. has book income of $ 1 2 0 , 0 0 0 properly determined in
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Question:
Collins, Inc. has book income of $ properly determined in accordance with financial accounting principles. The following information is also available:
Income tax expense on the financial statements was $
Depreciation expense on the financial statements is $ less than depreciation expense determined using tax laws.
The book income includes $ of taxexempt municipal bond interest income.
Complete Schedule M of Form lines
Related Book For
Financial Reporting and Analysis
ISBN: 978-0078025679
6th edition
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
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