For its first year of operations, marcus corporation reported pretax accounting income of $274,800. however, because of a temporary difference in the amount of $19,200 relating to depreciation, taxable income is only $255,600. the tax rate is 39%. what amount should marcus report as its deferred income tax liability in its balance sheet at the end of that year?
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For its first year of operations, marcus corporation reported pretax accounting income of $274,800....
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