Using a 21 percent rate, compute the deferred tax asset or deferred tax liability (if any) resulting

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Using a 21 percent rate, compute the deferred tax asset or deferred tax liability (if any) resulting from the following:

a. A transaction resulting in a $31,000 temporary excess of book income over taxable income.

b. A transaction resulting in an $18,400 permanent excess of book income over taxable income.

c. A transaction resulting in a $55,000 temporary excess of taxable income over book income.

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Principles Of Taxation For Business And Investment Planning 2019 Edition

ISBN: 9781260161472

22nd Edition

Authors: Sally Jones, Shelley C. Rhoades Catanach, Sandra R Callaghan

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Question Posted: Jan 15, 2019 05:56 AM

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Using a 21 percent rate, compute the deferred tax asset or deferred tax liability (if any) resulting

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Principles Of Taxation For Business And Investment Planning 2019 Edition

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