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Business, 28.05.2021 15:50 therealrg10

"For its first year of operations, Tringali Corporation's reconciliation of pretax accounting income to taxable income is as follows: Pretax accounting income $ 270,000 Permanent difference (14,500 ) 255,500 Temporary difference-depreciation (20,900 ) Taxable income $ 234,600 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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