TNT Corporation's income tax payable is 200,000 and its tax rate is 35%. Assuming no booktax differences,

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TNT Corporation's income tax payable is 200,000 and its tax rate is 35%. Assuming no booktax differences, what is TNT's net income? (Round your answer to the nearest whole dollar.)

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Financial Accounting

ISBN: 978-0133427530

10th edition

Authors: Walter Harrison, Charles Horngren, William Thomas

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Posted Date: Mar 07, 2024 11:50 PM

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TNT Corporation's income tax payable is 200,000 and its tax rate is 35%. Assuming no booktax differences,

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To find TNT Corporations net income we need to use the formula for c... View the full answer

Financial Accounting

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