At December 31, 2012, Apaloosa Corporation had a deferred tax liability of $25,000
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?
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At December 31, 2012, Apaloosa Corporation had a deferred tax liability of $25,000