At december 31 2014 hillyard corporation has a deferred tax


Question: At December 31, 2014, Hillyard Corporation has a deferred tax asset of $200,000. After a careful review of all available evidence, it is determined that it is probable that $60,000 of this deferred tax asset will not be realized. Prepare the necessary journal entry.

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Accounting Basics: At december 31 2014 hillyard corporation has a deferred tax
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