Question: Apply: Application Assignment (due Day 7] Saved Help Save & Exit Su Robinson Company had a net deferred tax liability of $35,088 at the beginning
Apply: Application Assignment (due Day 7] Saved Help Save & Exit Su Robinson Company had a net deferred tax liability of $35,088 at the beginning of the year, representing a net taxable temporary difference of $103,200 (taxed at 34%). During the year, Robinson reported pretax book income of $403,200. Included in the computation were favorable temporary differences of $53,200 and unfavorable temporary differences of $21,600. During the year, Congress reduced the corporate tax rate from 34% to 21%. Robinson's deferred income tax expense or benefit for the current year would be ped Multiple Choice Net deferred tax benefit of $6,636 Net deferred tax expense of $6,636 Net deferred tax benefit of $6.780. Net deferred tax expense of $6,780. Prev 3 of 20 Next
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