Greene Company Greene Co. has pretax book income for the year ended December 31, 2015 in the
Fantastic news! We've Found the answer you've been seeking!
Question:
Greene Company Greene Co. has pretax book income for the year ended December 31, 2015 in the amount of $295,000 and has a tax rate of 30%. The following timing difference was present: Depreciation for tax purposes in excess of book depreciation minus $14,500. What should Greene Co. record as its deferred tax liability for 2015?
A $88,500
B.$0
C. $84,150
D. $4,350
Related Book For
Financial Accounting: A Business Process Approach
ISBN: 978-0136115274
3rd edition
Authors: Jane L. Reimers
Posted Date: