1. Pennsylvania Inc owns 90% of South Dakota Company, During the current year, South Dakota reported a net income of 375000 but paid a total cash dividend of only 125000. What deferred income tax liability must be recognized in the consolidated balance sheet Assume the tax rate is 30.
2. 
   
3. A 36540 
4. 
   
5. B 17340 
6. 
   
7. C 13500 
8. 
   
9. D 20580

Answer rating: 100% (QA)

C is the correct answer The tax rate is 30 375000 x 30 112500 South Dakota Company paid ... View the full answer