At December 31, 2025, Percheron Inc. had a deferred tax asset of $30,000. At December 31, 2026,
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At December 31, 2025, Percheron Inc. had a deferred tax asset of $30,000. At December 31, 2026, the deferred tax asset is $59,000. The corporation’s 2026 current tax expense is $61,000. What amount should Percheron report as total 2026 income tax expense?
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Related Book For
Intermediate Accounting
ISBN: 9781119790976
18th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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