题目
题目

SU25-BL-BUS-A329-2695 Quiz 16

单项选择题

Costello Corporation reported pretax book income of $500,300. During the current year, the reserve for bad debts increased by $5,600. In addition, tax depreciation exceeded book depreciation by $40,300. Finally, Costello received $3,150 of tax-exempt life insurance proceeds from the death of one of its officers. Costello's deferred income tax expense or benefit would be:

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思路分析
We start by restating the scenario and identifying the items that create temporary differences between book income and taxable income. - Pretax book income: 500,300. - Increase in reserve for bad debts: 5,600. This is a book expense that is not deductible for tax in the current year under typical tax rules for the allowance method, so it creates a temporary difference that increases taxable income relative to book income in the current year, producing a deferred tax liabi......Login to view full explanation

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