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Question 10 A reconciliation of pretax financial statement income to taxable income is shown below for Fieval Industries for the year ended December 31. 2018,

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Question 10 A reconciliation of pretax financial statement income to taxable income is shown below for Fieval Industries for the year ended December 31. 2018, its first year of operations. The income tax rate is 40% Pretax accounting income (income statement) $ 300,000 Interest revenue on municipal securities (15,000) Warranty expense in excess of deductible amount 25,000 Depreciation in excess of financial statement amount (70,000) Taxable income tax return) S240,000 What amount() should Fleval report related to deferred Income taxes in its 2018 balance sheet

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