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Smith Company reported pretax book income of $417,000. Included in the computation were favorable temporary differences of $53,400, unfavorable temporary differences of $21,700, and favorable permanent differences of $41,700. Smith's deferred income tax expense or benefit would be:

Respuesta :

TomShelby

Answer:

deferred income tax expense 31,700

Explanation:

book income                  417,000

permanent differences: (41,700)

book taxable income    375,300

temporary difference

favorable                      (53,400)

unfavorable                  21, 700  

net                                  (31,700)

Taxable income        343,600

As currently has a favorable difference, when this diffrence balance it will have deferred tax expense in the future for this amounts.

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