Illustrate what should campbell record as net deferred tax

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Reference no: EM13123884

The disparity between book income and taxable income is attributable to a temporary difference which will reverse in 2012. What should Campbell record as net deferred tax asset or liability for the year ended December 31,2011, assuming that the enacted tax rate in effect are 40% in 2011 and 35% in 2012

Reference no: EM13123884

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