Question: At December 31 2010 Ambuir Corporation had a future tax
At December 31, 2010, Ambuir Corporation had a future tax liability of $35,000. At December 31, 2011, the future tax liability is $52,000. The corporation's 2011 current tax expense is $53,000. What amount should Ambuir report as total 2011 income tax expense?
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