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Business, 13.11.2019 06:31 NEUROPHARMACOLOGICAL

Lynch company had a net deferred tax asset of $68,068 at the beginning of the year, representing a net taxable temporary difference of $200,200 (taxed at 34 percent). during the year, lynch reported pretax book income of $800,800. included in the computation were favorable temporary differences of $20,200 and unfavorable temporary differences of $50,100. at the beginning of the year, congress reduced the corporate tax rate to 21 percent. lynch's deferred income tax expense or benefit for the current year would be:

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