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1 Hopkins Co. at the end of 2021, its first year of operations, prepared a reconciliation between pretax financial income and taxable income as follows:
1 Hopkins Co. at the end of 2021, its first year of operations, prepared a reconciliation between pretax financial income and taxable income as follows: Pretax financial income $6,000,000 Estimated litigation expense 3,000,000 Extra depreciation for taxes (1.000.000 Taxable income $ 8.000.000 The income tax rate is 20% for all years, The Ending Balance in the G/L Account Deferred Tax Liability is Select one: a $1,000,000 .b. $1,600,000 OC $600,000 Od the correct answer is not listed. e $200,000
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