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2 pts Question 20 (7 minutes) Orange Corporation reported the following pretax accounting income and taxable income: 2021 (500,000) 2021 600,000 If the relevant tax

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2 pts Question 20 (7 minutes) Orange Corporation reported the following pretax accounting income and taxable income: 2021 (500,000) 2021 600,000 If the relevant tax rate is 30% for all periods and Orange is certain any benefit will be used. For the Net Loss Orange Corporation would report the following in its 2021 and 2022 financial statements, respectively: 2021 Deferred Tax Asset S-O: 2022 Deferred Tax Asset $150.000. 2021 Deferred Tax Asset $150.000: 2022 Deferred Tax Asset $144,000 O 2021 Deferred Tax Asset $150,000: 2022 Deferred Tax Asset $6,000. 0 2021 Deferred Tax Asset 5-0-: 2022 Deferred Tax Asset 56,000

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