Woody Corp. had taxable income of $7,975 in the current year. The amount of depreciation reported in
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Woody Corp. had taxable income of $7,975 in the current year. The amount of depreciation reported in the tax return was $2,900, while the amount of depreciation reported in the income statement was $1,050. Assuming no other differences between tax and accounting income.
What was Woody's pretax accounting income?
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Financial Reporting and Analysis
ISBN: 978-0078025679
6th edition
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
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