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Business, 27.05.2020 19:06 melaniem50

For its first year of operations, Tringali Corporation's reconciliation of pretax accounting income to taxable income is as follows: Pretax accounting income $ 210,000 Permanent difference (14,900) 195,100 Temporary difference-depreciation (20,200) Taxable income $ 174,900 Tringali's tax rate is 25%. Assume that no estimated taxes have been paid. What should Tringali report as its deferred income tax liability as of the end of its first year of operations?

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For its first year of operations, Tringali Corporation's reconciliation of pretax accounting income...
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