BE19-4 - Solution BE19-4 Deferred tax liability, 12/31/13...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
BE19-4 At December 31, 2012, Apaloosa Corporation had a deferred tax liability of $25,000. At December 31, 2013, the deferred tax liability is  $42,000. The corporation's 2013 current tax expense is $48,000. What amount should Apaloosa report as total 2013 tax expense?
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Solution BE19-4 Deferred tax liability, 12/31/13 $42,000 Deferred tax liability, 12/31/12 25,000 Deferred tax expense for 2013 17,000 Current tax expense for 2013 48,000 Total tax expense for 2013 $65,000...
View Full Document

This note was uploaded on 03/21/2012 for the course ACC 102 taught by Professor Benz during the Spring '12 term at CUNY Baruch.

Ask a homework question - tutors are online