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BONUS QUESTION In 2022 , the enacted tax rate is 25% for all current and future years, and Hynde Corp., in its first year of
BONUS QUESTION In 2022 , the enacted tax rate is 25% for all current and future years, and Hynde Corp., in its first year of operations, reports $509,000 of pretax financial income and $433,000 of taxable income. In 2023, an enacted law changes the tax rate for all current and future years to 20%, and Hynde has $577,000 of pretax financial income and $592,500 of taxable income. All booktax differences are due to one temporary difference for depreciation. What deferred tax asset (enter as a positive number) or deferred tax liability (enter as a negative number) will Hynde report on its December 31,2023 balance sheet
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