Question
19.6 At December 31, 2017, Crane Inc. had a deferred tax asset of $27,500. At December 31, 2018, the deferred tax asset is $54,300. The
19.6
At December 31, 2017, Crane Inc. had a deferred tax asset of $27,500. At December 31, 2018, the deferred tax asset is $54,300. The corporations 2018 current tax expense is $61,200.
What amount should Crane report as total 2018 income tax expense?
Total income tax expense for 2018$
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Accounting and Finance An Introduction
Authors: Peter Atrill, Eddie McLaney
8th edition
129208829X, 1292088297, 978-1292088297
