At December 31, 2022, Ambuir Corporation had a deferred tax liability of $35,000. At December 31, 2023,
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At December 31, 2022, Ambuir Corporation had a deferred tax liability of $35,000. At December 31, 2023, the deferred tax liability is $52,000. The corporation’s 2023 current tax expense is $53,000. What amount should Ambuir report as total 2023 income tax expense?
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Related Book For
Intermediate Accounting Volume 2
ISBN: 9781119740445
13th Canadian Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
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