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actice Assignment Gradebook ORION Downloadable eTextbook gnment CALCULATON FULL SCREEN PRINTER VERSION BACK NEXT Testbank Multiple Choice Question 77 At the beginning of 2021; Blossom,
actice Assignment Gradebook ORION Downloadable eTextbook gnment CALCULATON FULL SCREEN PRINTER VERSION BACK NEXT Testbank Multiple Choice Question 77 At the beginning of 2021; Blossom, Inc. had a deferred tax asset of 519000 and a deferred tax liability of $29000. Pre-tax accounting Income for 2021 was $480000 and the enacted tax rate is 20%. The following items are included in Blossom's pre-tax income: Interest income from municipal bonds $118000 Accrued warranty costs, estimated to be paid in 2022 $258000 Operating loss carryforward 5153000 Installment sales profit, will be taxed in 2022 5128000 Prepaid rent expense, will be used in 2022 $59000 Which of the following is required to adjust Bossom, Inex deferred tax asset to its correct balance at December 31, 2017 55 O A credit of $51600 Acredit of $28800 22 Adebit of $28800 A debit of $32600 Click Il you would Hike to show Work for this question porn Shen Wert +
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