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  1. business
  2. accounting
  3. devine company estimated a loss of $30,000 that wa

Devine Company estimated a loss of $30,000 that was included in its income for this...

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Accounting

  1. Devine Company estimated a loss of $30,000 that was included in its income for this year. This amount will not be included in taxable income until next year. The enacted tax rate is 20% this year, but will be 28% next year. What amount should the company report in this years balance sheet as a deferred tax asset?
  1. $30,000
  2. $6000
  3. $8400
  4. zero

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