Mathematics, 11.03.2021 23:50, nyiamcbride5630

The following information is available for Flounder Corporation for 2019 (its first year of operations). 1. Excess of tax depreciation over book depreciation, $37,400. This $37,400 difference will reverse equally over the years 2020–2023. 2. Deferral, for book purposes, of $18,400 of rent received in advance. The rent will be recognized in 2020. 3. Pretax financial income, $308,000. 4. Tax rate for all years, 20%. Collapse question part

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The following information is available for Flounder Corporation for 2019 (its first year of operatio...