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Evergreen started 2021 with a deferred tax liability of $200. As of the end of the period, Evergreen identifies future taxable amounts of $880.
Evergreen started 2021 with a deferred tax liability of $200. As of the end of the period, Evergreen identifies future taxable amounts of $880. Evergreen has a tax rate of 25%, and calculates that taxes payable will be $130. Evergreen's tax expense journal entry will include a: None of the options listed. O Debit to tax expense for $150 O Debit to tax expense for $50 Debit to tax expense for $220 O Credit to deferred tax liability for $220
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