Question: Current Attempt in Progress Oriole Corporation began 2 0 2 5 with a $ 5 0 , 6 0 0 balance in the Deferred Tax

Current Attempt in Progress
Oriole Corporation began 2025 with a $50,600 balance in the Deferred Tax Liability account. At the end of 2025, the related
cumulative temporary difference amounts to $385,000, and it will reverse evenly over the next 2 years. Pretax accounting income for
2025 is $577,500, the tax rate for all years is 20%, and taxable income for 2025 is $445,500.
(a)
Your answer is correct.
 Current Attempt in Progress Oriole Corporation began 2025 with a $50,600

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