If income tax expense reported on the income statement is $45,000 for 2019 (the first...
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Accounting
If income tax expense reported on the income statement is $45,000 for 2019 (the first year) shows an income tax liability of $42,000,the deferred income tax on the balance sheet at the end of 2019 will be which of the following? Assume a 21% tax rate A. $3000 asset B. $3000 liability C. $7500 asset D. $7500 liability.
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