VB Ltd.provided you with the following information: There are no temporary differences.The deferred income tax benefit of the loss carry forward was set up in 2015 as the probability of realization was greater than 50%.In 2016 it was determined that the probability of realization was less than 50%.What would be th carrying amount of the deferred income tax benefit-loss carry forward on the balance sheet at the end of 2016?
A)$194,100
B)$220,000
C)$0
D)$64,600

Question

VB Ltd.provided you with the following information:  There are no temporary differences.The deferred income tax benefit of the loss carry forward was set up in 2015 as the probability of realization was greater than 50%.In 2016 it was determined that the probability of realization was less than 50%.What would be th carrying amount of the deferred income tax benefit-loss carry forward on the balance sheet at the end of 2016?
A)$194,100 
B)$220,000 
C)$0 
D)$64,600

Quizplus · Accepted Answer

The Answer of VB Ltd.provided you with the following information:  There are no temporary differences.The deferred income tax benefit of the loss carry forward was set up in 2015 as the probability of realization was greater than 50%.In 2016 it was determined that the probability of realization was less than 50%.What would be th carrying amount of the deferred income tax benefit-loss carry forward on the balance sheet at the end of 2016?
A)$194,100 
B)$220,000 
C)$0 
D)$64,600

VB LtdProvided You with the Following Information: There Are No