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Ignoring Operating Expenses and Additional Sales in 2010, What Deferred

Question 14

Multiple Choice

Ignoring operating expenses and additional sales in 2010, what deferred tax liability would Isaac report in its year-end 2010 balance sheet?

A) $ 54 million
B) $144 million
C) $126 million
D) $180 million.Total future taxable income ($420 million) tax rate of 30% = $126 million.

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