At December 31, 2021, Percheron Inc. had a deferred tax asset of $30,000. At December 31, 2022,

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At December 31, 2021, Percheron Inc. had a deferred tax asset of $30,000. At December 31, 2022, the deferred tax asset is $59,000. The company’s 2022 current tax expense is $61,000. What amount should Percheron report as total 2022 tax expense?

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Intermediate Accounting IFRS

ISBN: 9781119607519

4th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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Question Posted: Aug 03, 2021 02:46 AM

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At December 31, 2021, Percheron Inc. had a deferred tax asset of $30,000. At December 31, 2022,

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Intermediate Accounting IFRS

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