Grand Corporation reported pretax book income of $627,000. Tax depreciation exceeded book depreciation by $418,000. In addition, the company received $313,500 of tax-exempt municipal bond interest. The company's prior-year tax return showed taxable income of $52,250. Grand's beginning book (tax) basis in its fixed assets was $2,045,000 ($1,836,000) and its ending book (tax) basis is $2,545,000 ($1,927,000). Compute the company's current income tax expense or benefit. Note: Leave no answer blank. Enter N/A or zero. > Answer is complete but not entirely correct. Current income tax Deferred income tax N/A $ 0 expense $ 85,170 x

Im having an issue with this problem. Thank you!

pm.4 answer must be in proper format or i will give down vote

A Framework for decision making: a. can help reduce the unexpected consequences of our actions. b. is not needed if the activity is legal. c. helps identify who gains the most from a decision.

the answer provided does not support the question. which makes the answer incorrect.

what exactly is a cookie jar reserve?  Does using a cookie jar reserve follow GAAP?  Does using a cookie jar reserve appear to be an ethical practice?  Support your opinion.  Your post should be more than a single sentence.

do you not see the solution you provided is the exact one i submitted, it says it's wrong..

It says they answers are wrong from your example.