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A firms income tax return shows $50,000 of income taxes owed for 2009. For financial reporting, the firm reports deferred tax assets of $42,900 at
A firms income tax return shows $50,000 of income taxes owed for 2009. For financial reporting, the firm reports deferred tax assets of $42,900 at the beginning of 2009 and $38,700 at the end of 2009. It reports deferred tax liabilities I'd $28,600 at the beginning of 2009 and $34,200 at the end of 2009. Compute the amount of income tax expense for 2009.
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