Business
Business, 10.09.2019 19:30, carms12

Franco inc. had pretax accounting income of $640,000 and taxable income of $2,080,000 for the year ended december 31, 2016. the only temporary difference is accrued product warranty costs, which are expected to be paid as follows: if franco has a tax rate of 35% for 2016, what should they record as their deferred tax asset on their december 31, 2016 balance sheet?

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Franco inc. had pretax accounting income of $640,000 and taxable income of $2,080,000 for the year e...

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