At december 31 2012 suffolk corporation had an estimated, Ask an Expert

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At December 31, 2012, Suffolk Corporation had an estimated warranty liability of $105,000 for accounting purposes and $0 for tax purposes. (The warranty costs are not deductible until paid.) The effective tax rate is 40%. Compute the amount Suffolk should report as a deferred tax asset at December 31, 2012.

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Corporate Finance, Finance

Category:- Corporate Finance
Reference No.:- M9407667

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