Isaac Incorporated began operations in January 2024. For some property sales, Isaac recognizes income in...
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Isaac Incorporated began operations in January For some property sales, Isaac recognizes income in the period of sale for financial reporting purposes. However, for income tax purposes, Isaac recognizes income when it collects cash from the buyer's installment payments. In Isaac had $ million in sales of this type. Scheduled collections for these sales are as follows: table$ million million million million million$ million Assume that Isaac has a income tax rate and that there were no other differences in income for financial statement and tax purposes. Ignoring operating expenses and additional sales in what deferred tax liability would Isaac report in its yearend balance sheet? Note: Round your answer to the nearest whole million. 
Isaac Incorporated began operations in January For some property sales, Isaac recognizes income in the period of sale for financial reporting purposes. However, for income tax purposes, Isaac recognizes income when it collects cash from the buyer's installment payments.
In Isaac had $ million in sales of this type. Scheduled collections for these sales are as follows:
table$ million million million million million$ million
Assume that Isaac has a income tax rate and that there were no other differences in income for financial statement and tax purposes.
Ignoring operating expenses and additional sales in what deferred tax liability would Isaac report in its yearend balance sheet?
Note: Round your answer to the nearest whole million.
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