Business, 15.04.2020 00:39 raider7831

Pretax financial income for 2021 $2,700,000 Tax exempt interest (150,000) Originating temporary difference (450,000) Taxable income $2,100,000 The temporary difference will reverse evenly over the next two years at an enacted tax rate of 30%. The enacted tax rate for 2021 is 20%. What amount should be reported in its 2021 income statement as the current portion of?

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Pretax financial income for 2021 $2,700,000 Tax exempt interest (150,000) Originating temporary diff...

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