Marty S Wholesaling Co Opened Its Doors On Jan 15 2012 At The End Of 2012 The Fo 1

At the end of 2012 the following was provided for the senior accountant. Pretax financial incomeEstimated lawsuit settlement expenseInstallment salesTaxable incomeTherefore $600,000 as current and $600,000 as noncurrent. Deferred tax liability – current to be recognized is (Points : 5) $30,000.$330,000.$60,000.$120,000.

 

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