Rollerblades Return Co. purchased a short-term investment on January 1, 20X1 as shown below. Cost...
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Rollerblades Return Co. purchased a short-term investment on January 1, 20X1 as shown below. Cost of the short-term investment Fair value of the short-term investment at year-end Tax rate Sales Operating expenses Estimated tax payment 325,000 395,000 21% 1,370,000 1,170,000 23,000 What is deferred taxes payable-short-term investment at December 31, 20X1
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