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Sandhill ink uses the cool method of accounting for financial reporting purposes and appropriately uses the installment method of accounting for income tax purposes profits
Sandhill ink uses the cool method of accounting for financial reporting purposes and appropriately uses the installment method of accounting for income tax purposes profits of 1,160,000 recognized for books in 2020 boy will be collected in the following years 2025 $192,000 2026,392,000 2027,576,000 the enacted tax rate for 30% for 2024.25% of 20 25 and 20% for 2026 and 27 taxable income is expected and I've all future years what amount should it include in December 24 balance sheet for the Deferred tax liability related to the above temporary difference
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