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What Is the Amount of the Deferred Tax Asset or Liability

Question 30

Multiple Choice

What is the amount of the Deferred Tax Asset or Liability on December 31, 2016?

A) a Deferred Tax Liability of $1,500
B) a Deferred Tax Liability of $375
C) a Deferred Tax Asset of $375
D) a Deferred Tax Asset of $1,500

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