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Business, 30.03.2020 16:58 valtrump3256

Carla Corporation began 2017 with a $41,000 balance in the Deferred Tax Liability account. At the end of 2017, the related cumulative temporary difference amounts to $185,000, and it will reverse evenly over the next 2 years. Pretax accounting income for 2017 is $377,000, the tax rate for all years is 40%, and taxable income for 2017 is $323,000.

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Carla Corporation began 2017 with a $41,000 balance in the Deferred Tax Liability account. At the en...
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