Advanced Accounting 10th Edition by Thomas Schaefer, Joe Ben Hoyle, Timothy Doupnik

تمرين 26

Prybylos, Inc., owns 90 percent of Station Corporation.Both companies have been profitable for many years.During the current year, the parent sold for $100,000 merchandise costing $70,000 to the subsidiary, which still held 20 percent of this merchandise at the end of the year.Assume that the tax rate is 25 percent and that separate tax returns are filed.What deferred income tax asset is created
a.-0-.
b.$300.
c.$1,500.
d.$7,500.