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Business, 08.12.2020 14:00 starreee

Green Corporation reported pretax book income of $1,024,000. During the current year, the net reserve for warranties increased by $51,200. In addition, tax depreciation exceeded book depreciation by $106,000. Finally, Green subtracted a dividends received deduction of $25,600 in computing its current-year taxable income. Green's cash tax rate is:

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Green Corporation reported pretax book income of $1,024,000. During the current year, the net reserv...
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