Question: Problem 1 6 - 8 ( Algo ) Multiple differences; taxable income given; two years; change in tax rate; financial statement effects [ LO 1

Problem 16-8(Algo) Multiple differences; taxable income given; two years; change in tax rate; financial statement effects [LO16-1,16-2,16-3,16-5,16-6,16-8]
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Arndt, Incorporated reported the following for 2024 and 2025($ in millions):
\table[[Revenues,2024,2025],[Expenses,$938,$1,030
Problem 1 6 - 8 ( Algo ) Multiple differences;

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