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Business, 15.11.2019 00:31 leo4687

Information for kent corp. for the year 2016: reconciliation of pretax accounting income and taxable income: pretax accounting income $180,900

permanent differences (15,500)

165,400

temporary difference-depreciation (12,900)

taxable income $152,500

cumulative future taxable amounts all from depreciation temporary differences:

as of december 31, 2015 $13,400

as of december 31, 2016 $26,300

the enacted tax rate was 30% for 2015 and thereafter. what should be the balance in kent's deferred tax liability account as of december 31, 2016?

1. $5,360.

2. $7,890.

3. $26,300.

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Answers: 2

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