Larsen Corporation reported $200,000 in revenues in its 2021 financial statements, of which $66,000 will not be included in the tax return until 2022. The enacted tax rate is 30% for 2021 and 25% for 2022. What amount should Larsen report for deferred income tax liability in its balance sheet at December 31, 2021?
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Larsen Corporation reported $200,000 in revenues in its 2021 financial statements, of which $66,000...
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