10. Operating income and tax rates for C.J. Company's first three years of operations were...
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10. Operating income and tax rates for C.J. Company's first three years of operations were as follows: Income Enacted tax rate 2017 $400,000 35% 2018 ($1,000,000) 30% 2019. $1,680,000 40% Assuming that C.J. Company opts only to carryforward its 2018 NOL, what is the amount of deferred tax asset or liability that CJ. Company would report on its December 31, 2018 - balance sheet
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