For the Current Year, the Beech Corporation Has Net Income

question 23

Multiple Choice

For the current year, the Beech Corporation has net income on its books of $60,000, including the following items: Federal tax depreciation exceeds the depreciation deducted on the books by $5,000. What is the corporation's taxable income?

• A)$66,000
• B)$90,000
• C)$95,000
• D)$103,000
• E)None of the above