Question
22) Blue Sky Corporation reported $300,000 in revenues in its 2021 financial statements, of which $30,000 will not be included in the tax return until
22) Blue Sky Corporation reported $300,000 in revenues in its 2021 financial statements, of which $30,000 will not be included in the tax return until 2022. The enacted tax rate is 20% for 2021 and 25% for 2022. What amount should Blue Sky report for deferred income tax liability in its balance sheet at December 31, 2021?
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The Auditors Guide Of 1869 A Review And Computer Enhancement Of Recently Discovered Old Microfilm Of Americas First Book On Auditing By H J Mettenheimer
Authors: Peter L. McMickle, Paul H. Jensen
1st Edition
0367534622, 978-0367534622
