Based on the following information, compute 2018 taxable income for South Co. assuming that its pre-tax accounting income for the year ended December 31, 2018 is $460,000. Future taxable Temporary difference (deductible) amount Installment sales $384,000 Depreciation $120,000 Unearned rent ($400,000)

TAXABLE INCOME              $356,000

Explanation:

pre tax accounting income =  $460,000

Installment sales                  =    - $384,000

Depreciation                          =    - $120,000

Unearned rent                       =   ($400,000)

TAXABLE INCOME              $356,000

the page presents four different kinds of threats that volcanoes pose and what to do before, during, and after an eruption.

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