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Naperville Inc. had current tax expense of $44,000 for the year ended December 31. The ending deferred tax asset balance was $36,000, which was an
Naperville Inc. had current tax expense of $44,000 for the year ended December 31. The ending deferred tax asset balance was $36,000, which was an $8,000 decrease from January 1. The tax rate is 25%. What was total income tax expense for the current year?
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