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Business, 13.03.2020 00:54 WeOwntheNight

Marlin Corporation reported pretax book income of $1,011,000. During the current year, the net reserve for warranties increased by $27,200. In addition, book depreciation exceeded tax depreciation by $101,100. Finally, Marlin subtracted a dividends received deduction of $16,100 in computing its current-year taxable income. Marlin's current income tax expense or benefit would be:

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Marlin Corporation reported pretax book income of $1,011,000. During the current year, the net reser...
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