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How much will the company recognize in deferred tax assets

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Question - Butler Company reported taxable and financial losses of $1,950,000 for 2020. Its pretax financial income for the last two years was as follows:

2018 $900,000

2019 1,200,000

How much will the company recognize in deferred tax assets for the potential benefit related to the loss? The tax rate is 20% for all periods affected.

Reference no: EM133177098

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