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Ludmilka [50]
3 years ago
7

At December 31, DePaul Corporation had the following cumulative temporary differences associated with its operations:_____.

Business
1 answer:
diamong [38]3 years ago
7 0

Answer and Explanation:

The computation is shown below:

Net deferred tax liability is

= (Taxable temporary differences - Deductible temporary differences) × Tax rate

= ($120 million + $60 million - $40 milllion - $40 million) × 25%

= $25 million

Hence, it shows the net deferred tax liability of $25 million and the same is to be considered

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