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Current Attempt in Progress Pronghorn Corporation began operations in 2020 and reported pretax financial income of $210,000 for the year. Pronghorn's tax depreciation exceeded its
Current Attempt in Progress Pronghorn Corporation began operations in 2020 and reported pretax financial income of $210,000 for the year. Pronghorn's tax depreciation exceeded its book depreciation by $34,000. Pronghorn'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 $
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