Marlin Corporation reported pretax book income of $1,003,000. During the current year, the net reserve for warranties increased by $25,600. In addition, book depreciation exceeded tax depreciation by $100,300. Finally, Marlin subtracted a dividends received deduction of $15,300 in computing its current-year taxable income. Marlin's current income tax expense or benefit would be:
+3
Answers (2)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Marlin Corporation reported pretax book income of $1,003,000. During the current year, the net reserve for warranties increased by $25,600. ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Home » Business » Marlin Corporation reported pretax book income of $1,003,000. During the current year, the net reserve for warranties increased by $25,600. In addition, book depreciation exceeded tax depreciation by $100,300.