Business
Business, 29.01.2021 05:00, zitterkoph

For its first year of operations, Tringali Corporation's reconciliation of pretax accounting income to taxable income is as follows: Pretax accounting income$330,000 Permanent difference (15,800) 314,200 Temporary difference-depreciation (20,900) Taxable income$293,300 Tringali's tax rate is 25%. Assume that no estimated taxes have been paid. What should Tringali report as its deferred income tax liability as of the end of its first year of operations?

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For its first year of operations, Tringali Corporation's reconciliation of pretax accounting income...

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