A reconciliation of Quebec Corp.'s pre-tax accounting income with its taxable income for 2017, its first year of operations, is as follows: The excess CCA will result in equal net taxable amounts in each of the next three years. Enacted tax rates are 40% in 2017, 35% in 2018, and 30% in both 2019 and 2020. The total deferred tax liability to be reported on Quebec's statement of financial position at December 31, 2017 is

Question

A reconciliation of Quebec Corp.'s pre-tax accounting income with its taxable income for 2017, its first year of operations, is as follows:  The excess CCA will result in equal net taxable amounts in each of the next three years. Enacted tax rates are 40% in 2017, 35% in 2018, and 30% in both 2019 and 2020. The total deferred tax liability to be reported on Quebec's statement of financial position at December 31, 2017 is

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The Answer of A reconciliation of Quebec Corp.'s pre-tax accounting income with its taxable income for 2017, its first year of operations, is as follows:  The excess CCA will result in equal net taxable amounts in each of the next three years. Enacted tax rates are 40% in 2017, 35% in 2018, and 30% in both 2019 and 2020. The total deferred tax liability to be reported on Quebec's statement of financial position at December 31, 2017 is

A Reconciliation of Quebec Corp