The tax rate enacted for 2011 is 40 while the tax rate, Ask an Expert

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Fleming Company has the following cumulative taxable temporary differences: 12/31/11 12/31/10 $640,000 $900,000

The tax rate enacted for 2011 is 40%, while the tax rate enacted for future years is 30%. Taxable income for 2011 is $1,600,000 and there are no permanent differences. Fleming's pretax financial income for 2011 is:

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Category:- Accounting Basics
Reference No.:- M965867

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