Determining the pretax accounting income, Accounting Basics

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Determining the pretax accounting income

Bumble Bee Co. had taxable income of $7,000, MACRS depreciation of $5,000, book depreciation of $2,000, and accrued warranty expense of $400 on the books although no warranty work was performed. What is Bumble Bee's pretax accounting income?

a. $4,400.

b. $3,600.

c. $9,600.

d. $2,600.

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Accounting Basics: Determining the pretax accounting income

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Accounting Basics: Determining the pretax accounting income

Reference No:- TGS071784

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Recent Questions Asked Accounting Basics

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Determining the pretax accounting income

Reference No:- TGS071784

Recent Questions Asked Accounting Basics

Q : Balance of a treasury stock account

Q : Report as capitalized lease liability

Q : Create a future taxable amount

Q : Creating a future taxable amount

Q : Determining the pretax accounting income

Q : Report as current income tax payable

Q : Results in increasing basic earnings per share

Q : Asset value reported in the balance sheet by the lessee

Q : Net assets acquired recorded by diamond

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