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At december 31 2014 suffolk corporation had an estimated

Question: At December 31, 2014, Suffolk Corporation had an estimated warranty liability of $105,000 for accounting purposes and $0 for tax purposes. (The warranty costs are not deductible until paid.) The effective tax rate is 40%. Compute the amount Suffolk should report as a deferred tax asset at December 31, 2014.

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Accounting Basics: At december 31 2014 suffolk corporation had an estimated

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Accounting Basics: At december 31 2014 suffolk corporation had an estimated

Reference No:- TGS02387909

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