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Ivanhoe Company reported the following results for the year ended December 31, 2018 ts first year of operations: 2018 Income (per books before income taves)

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Ivanhoe Company reported the following results for the year ended December 31, 2018 ts first year of operations: 2018 Income (per books before income taves) Taxable income 81510000 2700000 The disparity between book income and taxable income is attributable to a temporary afference which will reverse in 2019. What should year ended December 31, 2018, assuming that the enacted tax rates in effect are 40 in 2018 and 3 in 2019 ferred tax asset or for the O $416500 deferred tax asset $416500 deferred tax liability O $476000 deferred tax liability $476000 deferred tax asset

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