Rent received for the following year in the amount

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During the current year, Stern Company had pretax accounting income of $39 million. Stern's only temporary difference for the year was rent received for the following year in the amount of $28 million. Stern's taxable income for the year would be:

Reference no: EM131067359

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Rent received for the following year in the amount : During the current year, Stern Company had pretax accounting income of $39 million. Stern's only temporary difference for the year was rent received for the following year in the amount of $28 million. Stern's taxable income for the year would be:
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