At December 31, 2018, Percheron Inc. had a deferred tax asset of $30,000. At December 31, 2019,

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At December 31, 2018, Percheron Inc. had a deferred tax asset of $30,000. At December 31, 2019, the deferred tax asset is $59,000. The company's 2019 current tax expense is $61,000. What amount should Percheron report as total 2019 tax expense?

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Intermediate Accounting IFRS

ISBN: 978-1119372936

3rd edition

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

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Question Posted: Sep 21, 2024 05:14 AM

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At December 31, 2018, Percheron Inc. had a deferred tax asset of $30,000. At December 31, 2019,

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Deferredtax asset 123119 59000 De...View the full answer

Intermediate Accounting IFRS

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