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Operating income and enacted tax rates for Crane Company's first two years of operations were as follows: table [ [ , Income,Enacted tax rate
Operating income and enacted tax rates for Crane Company's first two years of operations were as follows:
tableIncome,Enacted tax rate$$
If Crane opts to carryforward only its ?NOL, what is deferred tax asset or liability will the company report on its December ?balance sheet?
Deferred tax asset
Amount or liability.
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