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S? & C? Company's income before taxes is $390,000?, and income tax expense is $145,000. S? & C has a deferred tax asset of? $100,000

S? & C? Company's income before taxes is $390,000?, and income tax expense is $145,000. S? & C has a deferred tax asset of? $100,000 and records a valuation allowance of $15,000. Wha...

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