Business, 06.03.2020 16:54 Anshuman2002

For its first year of operations, Tringali Corporation's reconciliation of pretax accounting income to taxable income is as follows: Pretax accounting income $300,000 Permanent difference (15,000) 285,000 Temporary difference-depreciation (20,000) Taxable income $265,000 Tringali's tax rate is 40%.What should Tringali report as its deferred income tax liability as of the end of its first year of operations?A,$35,000.B.$20,000.C.$1 4,000.D.$8,000.

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For its first year of operations, Tringali Corporation's reconciliation of pretax accounting income...