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| Teaching Since: | May 2017 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
A reconciliation of pretax financial statement income to taxable income is shown below for Fieval Industries for the year ended December 31. 2011. its first year of operations. The income tax rate is 40%. What arnotmt(s) should Fieval report related to deferred income taxes in its 2011 balance sheet? S Current asset of $10,000 and noncurrent liability of 528,000. A. Noncurrent liability of $18,000. C. Current asset of 54,000 and noncurrent liability of 528,000. D. Noncurrent liability of 524,000.
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