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Use the following information to answer the next 3 clues. In 2020 (its first year of operations), ABC generated a net operating loss of $20,000.
Use the following information to answer the next 3 clues. In 2020 (its first year of operations), ABC generated a net operating loss of $20,000. In 2021, earnings before taxes is $164,300. Assume a tax rate of 21%. 18. Tax payable for 2021 is 19. The associated deferred tax account is reduced by _ in 2021. 20. Tax expense for 2021 is
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