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Business, 18.04.2020 03:23 preservations

For its first year of operations, Tringali Corporation's reconciliation of pretax accounting income to taxable income is as follows: Pretax accounting income $ 300,000 Permanent difference (14,600 ) 285,400 Temporary difference-depreciation (19,000 ) Taxable income $ 266,400 Tringali's tax rate is 25%. Assume that no estimated taxes have been paid. What should Tringali report as its deferred income tax liability as of the end of its first year of operations?
a. $110,016.
b. $122,400.
c. $117,180
d.$120,681

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For its first year of operations, Tringali Corporation's reconciliation of pretax accounting income...
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