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westion 9 The Palms company records a Deferred Tax Asset it is likely that the DTA will not be realized due to doubtful future incomes,
westion 9 The Palms company records a Deferred Tax Asset it is likely that the DTA will not be realized due to doubtful future incomes, Palms properly records an Allowance account Recording the allowance will increase yet wered ints out of 00 Flag question Select one: O a. Income Tax Expense O b. Income Tax Payable O c. Deferred Tax Liability O d. Benefit due to Loss Carryforward stion 10 Given the following for the XYZ Company yet wered its out of Flag question Year 2020 2021 2022 2023 Pre-Tax Net Income (Loss) $10,000 8,000 (16,000) 12,000 Tax Rate 20% 20% 20% 20% Future income is not more likely than not. Reported 2022 Net Loss is: Select one: O a. $16,400 O b. $15,000 O c. $16,000 O d. $4,000 O e. $20,000
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