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Business, 25.03.2021 23:40 pinnij20

Marlin Corporation reported pretax book income of $1,005,000. During the current year, the net reserve for warranties increased by $26,000. In addition, book depreciation exceeded tax depreciation by $100,500. Finally, Marlin subtracted a dividends received deduction of $15,500 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 $1,005,000. During the current year, the net reser...
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