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Business, 11.09.2019 05:30 lannor6586

Assuming that the only deferred tax account at the beginning of 2017 was a deferred tax liability of $12,200,000, draft the income tax expense portion of the income statement for 2017, beginning with the line "income before income taxes." (hint: you must first compute (1) the amount of temporary difference underlying the beginning $12,200,000 deferred tax liability, then (2) the amount of temporary differences originating or reversing during the year, and then (3) the amount of pretax financial income.)

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