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For its first year of operations. Thingal Corporation's reconciliation of pretax accounting income to taxable income is as follows: Pretax accounting income Permanent difference $380,000

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For its first year of operations. Thingal Corporation's reconciliation of pretax accounting income to taxable income is as follows: Pretax accounting income Permanent difference $380,000 (14,300) 365, 700 (19,500) $346,200 Temporary difference-depreciation Taxable income Thing's tax rate is 39 Assume that no estimated taxes have been paid What should thing report as its deferred income tax liability as of the end of ts first year of operations Mum Choice O $38.800 O $0.982 O $8.500 O $2505 For its first year of operations. Tringali Corporation's reconciliation of pretax accounting in Pretax accounting income Permanent difference Temporary difference-depreciation Taxable income $380,000 (14,300) 365,700 (19,500) $346,200 Tringali's tax rate is 39%. Assume that no estimated taxes have been paid. What should Tringali report as its deferred income tax liability as of the end of its first year o Multiple Choice $33.800

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