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At the beginning of 2 0 2 5 , Ivanhoe, Inc. had a deferred tax asset of $ 2 1 0 0 0 and a

At the beginning of 2025, Ivanhoe, Inc. had a deferred tax asset of $21000 and a deferred tax liability of $31000. Pre-tax accounting income for 2025 was $1520000 and the enacted tax rate is 20%. The following items are included in Ivanhoe's pre-tax income:
\table[[Interest income from municipal bonds,$122000
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