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Blossom Corporation began operations in 2025 and reported pretax financial income of $234,000 for the year. Blossom's tax depreciation exceeded its book depreciation by
Blossom Corporation began operations in 2025 and reported pretax financial income of $234,000 for the year. Blossom's tax depreciation exceeded its book depreciation by $33,000. Blossom's tax rate for 2025 and years thereafter is 40%. In its December 31, 2025, balance sheet, what amount of deferred tax liability should be reported? Deferred tax liability to be reported $
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