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(Solved): At December 31. 2019. Tamarisk Companyhad anet deferred tax liability of \( \$ 354.500 \). An expla ...




At December 31. 2019. Tamarisk Companyhad anet deferred tax liability of \( \$ 354.500 \). An explanation of theitems that co
At December 31. 2019. Tamarisk Companyhad anet deferred tax liability of \( \$ 354.500 \). An explanation of theitems that compose this balance is as follows In analyzing the temporary differences, you find that \( \$ 32,500 \) of the depreciation temporary difference wil reverse in 2020, and \( \$ 125,900 \) of the temporary difference doe to the instalment sale wil reverse in 2020 . The tax rate for all years is \( 20 \% \). Indicate the manner in which deferred tavesshould be presented on Tamarisk Company's December 31, 2019, balance sheet.


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