Business, 08.04.2020 03:07 rodderickjack

During 2018, a company reported an increase in the deferred tax liability account of $77,990, an increase in the deferred tax asset account of $35,325, and an income tax liability as per the 2018 income tax return of $398,555. What is the income tax expense to be reported in the income statement for the year ending December 31, 2018

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During 2018, a company reported an increase in the deferred tax liability account of $77,990, an inc...