Business
Business, 01.11.2019 03:31, Rflaig1129841

"at the beginning of 2018; carla vista, inc. had a deferred tax asset of $17500 and a deferred tax liability of $27500. pre-tax accounting income for 2018 was $145 and the enacted tax rate is 30%. the following items are included in carla vista’s pre-tax income: interest income from municipal bonds $115000 accrued warranty costs, estimated to be paid in 2019 $255000 operating loss carryforward $185000 installment sales profit, will be taxed in 2019 $125000 prepaid rent expense, will be used in 2019 $57500 which of the following is required to adjust carla vista, inc.’s deferred tax asset to its correct balance at december 31, 2018? "a. a credit of $99200b. a credit of $79600c. a debit of $85200d. a debit of $79600

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