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Business, 06.09.2020 02:01 madisonelizibet1

At the December 31, 2020 balance sheet date, Unruh Corporation reports an accrued receivable for financial reporting purposes but not for tax purposes. When this asset is recovered in 2019, a future taxable amount will occur and: a. Pretax financial income will exceed taxable income in 2019.
b. Unruh will record a decrease in a deferred tax liability in 2019.
c. Total income tax expense for 2019 will exceed current tax expense for 2019.
d. Unruh will record an increase in a deferred tax asset in 2019.

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At the December 31, 2020 balance sheet date, Unruh Corporation reports an accrued receivable for fin...
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