In the current year redland corporations regular tax, Financial Accounting

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In the current year redland corporations regular tax

In the current year, Redland Corporation's regular tax liability was $28,000, and its AMTI was $232,000. Redland is not a small corporation, and this is not its first year of operations.

a. Compute Redland's current-year AMT.

b. How would your answer to part (a) change if Redland's regular tax liability was $88,000 in the current year?

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Financial Accounting: In the current year redland corporations regular tax

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Financial Accounting: In the current year redland corporations regular tax

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