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  3. during 2023, its first year of operations, malone,

During 2023, its first year of operations, Malone, Inc. has the following: - Depreciation for...

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Accounting

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During 2023, its first year of operations, Malone, Inc. has the following: - Depreciation for tax purposes exceeding depreciation for financial reporting purposes - Interest revenue from tax exempt municipal bonds - Tax deductions from dividends received on Malone's investment portfolio On its December 31, 2023 balance sheet, Malone will report: a net deferred tax liability. no deferred tax asset or liability. both a deferred tax asset and a deferred tax liability. a net deferred tax asset

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