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The only word that is cut off is from the first sentence and it is temporary. All other parts of the question are pictured. US
The only word that is cut off is from the first sentence and it is temporary. All other parts of the question are pictured.
US Help | System Announcements art Time: 06:59 AM / Remaining: 12 min CALCULATOR Question Crane Corp, has aidoffriped tax asset account with a balance of $137,200 at the end of 2016 due to a single cumulative temporary difference of $343/000. At the end of 2017, this same difference hat In to a cumulative amount of $47)/DO0, Enable Income for 2017 is $744,090. The tax rate is 40% for all years. No valuation account related to the deferred tax a (a] Record income his experee, deferred Income taxes, and income taxes payable for 2017, assuming that if is more likely than not that the deferred tax asset will be realized (credits ticlies are automatically Indented when amount is entered. Do not Indent manually. If ne entry is required, select "Is Fairy" for the account hitler and enter & for the an Account THira and Explanation Credit (3) Assuming that it is more likely than not that $30,300 of the deferred tax asset will not be resized, prepare the journal entry at the end of 1017 to record the valuation bocount (Credit Ities are automatically indented when amount is entered. Do not indent manually. If ne entry frrequired, select The Embry " for the account Cities and eater 9 for The smo Account Titles wad Explanation CreditStep by Step Solution
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