Question: In 2 0 2 3 , HD had reported a deferred tax asset of $ 1 9 4 million with no valuation allowance. At December
In HD had reported a deferred tax asset of $ million with no valuation allowance. At December the account balances of HD Services showed a deferred tax asset of $ million before assessing the need for a valuation allowance and income taxes payable of $ million. HD determined that it was more likely than not that of the deferred tax asset ultimately would not be realized. HD made no estimated tax payments during What amount should HD report as income tax expense in its incIn HD had reported a deferred tax asset of $ million with no valuation allowance. At December the account balances of HD Services showed a deferred tax asset of $ million before assessing the need for a valuation allowance and income taxes payable of $ million. HD determined that it was more likely than not that of the deferred tax asset ultimately would not be realized. HD made no estimated tax payments during What amount should HD report as income tax expense in its incIn HD had reported a deferred tax asset of $ million with no valuation allowance. At December the account balances of HD Services showed a deferred tax asset of $ million before assessing the need for a valuation allowance and income taxes payable of $ million. HD determined that it was more likely than not that of the deferred tax asset ultimately would not be realized. HD made no estimated tax payments during What amount should HD report as income tax expense in its income statement?ome statement?ome statement?
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