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Corning-Howell reported taxable income in 2021 of $196 million. At December 31, 2021, the reported amount of some assets and
Corning-Howell reported taxable income in 2021 of $196 million. At December 31, 2021, the reported amount of some assets and
Corning-Howell reported taxable income in 2021 of $196 million. At December 31, 2021, the reported amount of some assets and
$25 million, respectively 1. Determine the total deferred tax asset and deferred tax liebility amounts at December 31, 2021 2
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A В 1 1. Computation of Total Deferred Tax Asset and Liability as on 31 Dec 2021 2 Allowance for Bad Debts [25% x($84-$88)] $14 2. Computation of increase or decrease in Deferred Tax Asset and Liability (in Million) $190.50 15 Deferred Tax Asset: 1627 Part-4 Journal Entry ( in Million) Debit Credit 28 Particulars 29 Тах еxpense $111.75 Deferred Tax Asset $3.75 30 Deferred

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