At December 31, 2019, Ambuir Corporation had a deferred tax liability of $35,000. At December 31, 2020,
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At December 31, 2019, Ambuir Corporation had a deferred tax liability of $35,000. At December 31, 2020, the deferred tax liability is $52,000. The corporation's 2020 current tax expense is $53,000. What amount should Ambuir report as total 2020 income tax expense?
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Current tax expense for 2020 53000 Deferred tax expense fo...View the full answer
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Related Book For 
Intermediate Accounting Volume 2
ISBN: 9781119497042
12th Canadian Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
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