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For its first year of operations, Tringali Corporation's reconciliation of pretax accounting income to taxable income is as follows: Tringali's tax rate is 25%. Assume

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For its first year of operations, Tringali Corporation's reconciliation of pretax accounting income to taxable income is as follows: Tringali's tax rate is 25%. Assume that no estimated taxes have been poid. What should Tringali report as its deferred tax liability as of the end of its first year of operations? Multiple Choice $8,725. $34,900. $4,850 $19,400

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