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Business, 28.08.2019 18:20 mags1467

Freeman, inc., reported net income of $40,000 for 2015. however, the company's income tax return excluded a revenue item of $3,000 (reported on the income statement) because under the tax laws the $3,000 would not be reported for tax purposes until 2016. assuming a 30% income tax rate, this situation would cause a 2015 deferred tax amount of:

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Freeman, inc., reported net income of $40,000 for 2015. however, the company's income tax return exc...
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