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theres also part b,c,& d The following facts relate to Wildhorse Corporation. 1. Deferred tax liability. January 1,2020,$35.400. 2. Deferred tax asset, January 1,2020,$11,800. 3.

theres also part b,c,& d image text in transcribed
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The following facts relate to Wildhorse Corporation. 1. Deferred tax liability. January 1,2020,$35.400. 2. Deferred tax asset, January 1,2020,$11,800. 3. Taxable income for 2020,$123,900. 4. Cumulative temporary difference at December 31,2020, giving rise to future taxable amounts, $271,400. 5. Cumulative temporary difference at December 31,2020 , giving rise to future deductible amounts, $112,100. 6. Tax rate for all years, 20%. No permanent differences exist. 7. The company is expected to operate profitably in the future. (a) Compute the amount of pretax financial income for 2020. Pretax financial income The parts of this question must be completed in order. This part will be available when you complete the part above. (c) The parts of this question must be completed in order. This part will be available when you complete the part above. (d) The parts of this question must be completed in order. This part will be available when you complete the part above

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