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answer questions a, b & c correctly. i will thumbs up Steven Co. establishes a liability at uw end of 2020 for the estimated site-ckanupcost_s
answer questions a, b & c correctly. i will thumbs up
Steven Co. establishes a liability at uw end of 2020 for the estimated site-ckanupcost_s at two of its manufacturing facilities. All related dosing be paid deducted on thc tax return in 2021. Also, at the end of 2020, the company has $68 SXX)SXX) Of temporary differences due to excess depreciation for tax purmses. of which will rewrse in 2021 enacted tax rate for all years is 20%, the company pays taxes Of on ot taxable income in 2020. McDowell expects to have taxable income in 2021. Determine the deferred taxes to reported at the end o' 2020. Defered tax assets $ iiiiiiiiiiiiiiiiiiiiiii' Deferred tax liabilities $ :
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