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eturn in 2016. Assume this is the only timing difference between the firm's books and its tax return. Bens' tax rate is 40%. ?equired What
eturn in 2016. Assume this is the only timing difference between the firm's books and its tax return. Bens' tax rate is 40%. ?equired What amount of deferred tax liability should appear in Bens' 12/31/2016 balance sheet? Where in the balance sheet should the deferred tax liability appear? -Deferred tax liabilities are recorded as noncurrent liabilities on the balance sheet
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