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Brief Exercise 19-01 In 2020, Culver Corporation had pretax financial income of $175,000 and taxable income of $130,000. The difference is due to the use

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Brief Exercise 19-01 In 2020, Culver Corporation had pretax financial income of $175,000 and taxable income of $130,000. The difference is due to the use of different depreciation methods for tax and accounting purposes. The effective tax rate is 20%. Compute the amount to be reported as income taxes payable at December 31, 2020. $ Income taxes payable at December 31, 2020 Click if you would like to show Work for this question: Open Show Work Brief Exercise 19-02 Splish Corporation began operations in 2020 and reported pretax financial income of $208,000 for the year. Splish's tax depreciation exceeded its book depreciation by $36,000. Splish's tax rate for 2020 and years thereafter is 30%. In its December 31, 2020, balance sheet, what amount of deferred tax liability should be reported? Deferred tax liability to be reported Click if you would like to show Work for this question: Open Show Work

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