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Business, 13.05.2020 00:57 suemmimonjaras8374

Tetra Corp. recorded book income of $ 245 comma 000 in 2018. It does not have any permanent differences and the only temporary difference relates to $ 51 comma 000 unearned income that it recorded for book purposes. Tetra anticipates satisfying this liability equally over the following three years. The current enacted tax rate is 39%. The enacted tax rates for the following three years are 36%, 41%, and 46%, respectively. Under U. S. GAAP, what deferred tax amount should Tetra Corp. record for this temporary difference?

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Tetra Corp. recorded book income of $ 245 comma 000 in 2018. It does not have any permanent differen...

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