Question
At December 31, 2010, Appaloosa Corporation had a deferred tax liability of $25,000. At December 31, 2011, the deferred tax liability is $42,000. The corporations
At December 31, 2010, Appaloosa Corporation had a deferred tax liability of $25,000. At December 31, 2011, the deferred tax liability is $42,000. The corporations 2011 current tax expense is $48,000. What amount should Appaloosa report as total 2011 tax expense?
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Fundamental Accounting Principles
Authors: Kermit D. Larson, John J Wild, Barbara Chiappetta
17th Edition
0072946601, 9780072946604
