At December 31, 2013, Ambuir Corporation had a deferred tax liability of $35,000. At December 31, 2014,

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At December 31, 2013, Ambuir Corporation had a deferred tax liability of $35,000. At December 31, 2014, the deferred tax liability is $52,000. The corporation's 2014 current tax expense is $53,000. What amount should Ambuir report as total 2014 income tax expense?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Intermediate Accounting

ISBN: 978-1118300855

10th Canadian Edition Volume 2

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy

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