Marc, inc., owns 70 percent of srs company. during the current year, srs reported net income of $515,000 but paid a total cash dividend of only $105,000. what deferred income tax liability must be recognized in the consolidated balance sheet? assume the tax rate is 40 percent.
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Marc, inc., owns 70 percent of srs company. during the current year, srs reported net income of $515...
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