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Business, 02.10.2019 01:30 kyra737

Obinson company had a net deferred tax liability of $34,000 at the beginning of the year, representing a net taxable temporary difference of $100,000 (taxed at 34 percent). during the year, robinson reported pretax book income of $400,000. included in the computation were favorable temporary differences of $50,000 and unfavorable temporary differences of $20,000. during the year, congress reduced the corporate tax rate to 21 percent. robinson's deferred income tax expense or benefit for the current year would be:

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Obinson company had a net deferred tax liability of $34,000 at the beginning of the year, representi...
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