Question: At December 3 1 , 2 0 2 5 , Flounder Corporation had a deferred tax liability of $ 2 7 , 4 0 0

At December 31,2025, Flounder Corporation had a deferred tax liability of $27,400. At December 31,2026, the deferred tax liability is $39,300. The corporation's 2026 current tax expense is $44,700. What amount should Flounder report as total 2026 income tax expense?
Total income tax expense for 2026
$

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!