CoursHeroTranscribedText: 43> Scott Corp. received cash of $20000 that was included in revenues in its...
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CoursHeroTranscribedText: 43> Scott Corp. received cash of $20000 that was included in revenues in its Year 2 nancial statements. of which $12000 will not be taxable until Year 3. Scott's enacted tax rate is 30% for Year 2, and 25% for Year 3. What amount should Scott report in its Year 2 balance sheet for deferred income tax liability? C) A. $2,000 C) B. $2,400 C.) C. $3.000 O D. $3.600
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