Question
At December 31, 2020, ABC Corporation had a deferred tax liability of $25,000. At December 31, 2021, the deferred tax liability is $42,000. The corporations
At December 31, 2020, ABC Corporation had a deferred tax liability of $25,000. At December 31, 2021, the deferred tax liability is $42,000. The corporations 2021 current tax expense is $48,000. What amount should ABC report as total 2021 income tax expense?
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Global Strategy
Authors: Mike W. Peng
5th Edition
0357512367, 978-0357512364
