Bumble Bee Co. had taxable income of $7,600, MACRS depreciation of $5,600, book depreciation of $1,700,...
Bumble Bee Co. had taxable income of $7,600, MACRS depreciation of $5,600, book depreciation of $1,700, and accrued warranty expense of $1,000 on the books although no warranty work was performed. What is Bumble Bee's pretax accounting income?
$2,700.
$2,900.
$4,700.
$10,500.
Homework Answers
Bumble Bee's pretax accounting income = Taxable income + MACRS depreciation - book depreciation - accrued warranty expense
Bumble Bee's pretax accounting income = 7600 + 5600 - 1700 - 1000
Bumble Bee's pretax accounting income = 10500
Answer
a) $10,500
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