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Business, 18.08.2019 01:20 EvoBruh4465

Plumas, inc., owns 85 percent of santa cruz corporation. both companies have been profitable for many years. during the current year, the parent sold for $100,000 merchandise costing $70,000 to the subsidiary, which still held 20 percent of this merchandise at the end of the year. assume that the tax rate is 25 percent and that a consolidated tax return was filed. what deferred income tax asset amount is created?

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Plumas, inc., owns 85 percent of santa cruz corporation. both companies have been profitable for man...
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