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12 If pretax accounting income is 180: installment sales on the income statement equal 80: and the current tax rate is 25%, the deferred tax

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12 If pretax accounting income is 180: installment sales on the income statement equal 80: and the current tax rate is 25%, the deferred tax liability for year one is W a. 545 b. 525 C. 520 d. $100 e, none of the above

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