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Business, 18.03.2021 01:30 Aneesa2507

For its first year of operations, Tringali Corporation's reconciliation of pretax accounting income to taxable income is as follows: Pretax accounting income $ 260,000 Permanent difference (16,000 ) 244,000 Temporary difference-depreciation (20,000 ) Taxable income $ 224,000 Tringali's tax rate is 25%. Assume that no estimated taxes have been paid. What should Tringali report as its deferred income tax liability as of the end of its first year of operations

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

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