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Question 7 of 10 > -/1 View Policies Current Attempt in Progress At December 31, 2020, Pina Colada Corporation had an estimated warranty liability of

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Question 7 of 10 > -/1 View Policies Current Attempt in Progress At December 31, 2020, Pina Colada Corporation had an estimated warranty liability of $260,700 for accounting purposes and $0 for tax purposes. (The warranty costs are not deductible until they are paid.) The tax rate is 25%. Calculate the amount that Pina Colada should report as a deferred tax asset at December 31, 2020. Deferred tax asset $ e Textbook and Media Save for Later Attempts: unlimited Submit

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