Pennsylvania Inc owns 90% of South Dakota Company, During the current year, South Dakota reported a net
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Question:
- Pennsylvania Inc owns 90% of South Dakota Company, During the current year, South Dakota reported a net income of 375000 but paid a total cash dividend of only 125000. What deferred income tax liability must be recognized in the consolidated balance sheet Assume the tax rate is 30.
- A 36540
- B 17340
- C 13500
- D 20580
Related Book For
Advanced Accounting
ISBN: 9781260247824
14th Edition
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
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