Solved: At december 31 2014 percheron inc had a deferred tax asset, Accounting Basics

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At december 31 2014 percheron inc had a deferred tax asset

Question: At December 31, 2014, Percheron Inc. had a deferred tax asset of $30,000. At December 31, 2015, the deferred tax asset is $59,000. The corporation's 2015 current tax expense is $61,000. What amount should Percheron report as total 2015 income tax expense(ITE)?

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Accounting Basics: At december 31 2014 percheron inc had a deferred tax asset

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Accounting Basics: At december 31 2014 percheron inc had a deferred tax asset

Reference No:- TGS02387915

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