At December 31 2010 Percheron Inc Had A Deferred Tax
At December 31, 2010, Percheron Inc. had a deferred tax asset of $30,000. At December 31, 2011, the deferred tax asset is $59,000. The corporation’s 2011 current tax expense is $61,000. What amount should Percheron report as total 2011 tax expense?
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