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What is the financial income

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Question - Herbie Company had a temporary taxable difference on December 31, 2021, of P390,000. Taxable income is lower compare to financial income. The tax rate for 2021 is 40%, while the tax rate for future years is 30%. Taxable income for 2021 is P2,400,000, and there are no permanent differences. What is the financial income for 2021?

Reference no: EM132835888

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