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31) Washington Corporation reported $200,000 in revenues in its 2021 financial statements, of which $44,000 will not be included in the tax return until 2022.

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31) Washington Corporation reported $200,000 in revenues in its 2021 financial statements, of which $44,000 will not be included in the tax return until 2022. The tax rate is 30% for 2021 and 25% for 2022. What amount should Washington rep deferred income tax liability in its balance sheet at December 31, 2021? 32) ABC Corp.'s 2021 income statement showed pretax accounting income of $2,80 To compute the federal income tax liability, the following 2021 data are provided: Income from exempt municipal bonds $ 100,000 Depreciation deducted for tax purposes in excess of depreciation deducted for financial statement purposes 300,000 Enacted corporate income tax rate 20% Compute the current tax payable for the year

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