Smith Company reported pretax book income of $401,000. Included in the


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Smith Company reported pretax book income of $401,000. Included in the computation were favorable temporary differences of $50,200, unfavorable temporary differences of $20,100, and favorable permanent differences of $40,100. Smith's deferred income tax e

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Smith Company reported pretax book income of $401,000. Included in
the computation were favorable temporary differences of $50,200, unfavorable temporary differences of $20,100, and favorable permanent differences of $40,100. Smith's deferred income tax expense or benefit would be:

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