Question

Based on the facts and results of Problem 49 and the beginning-of-the-year book-tax basis differences listed below, determine the change in Kantner’s deferred tax assets for the current year.
Beginning of Year
Accrued warranty expense ......... $30,000
Subtotal ................. $30,000
Applicable tax rate ............ x 34%
Gross deferred tax asset .......... $10,200


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  • CreatedMay 25, 2015
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