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List multiple debits in alphabetical order

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In 2020, Lambeau Inc. suffered a loss of $250,000. The enacted tax rate is 25%. Prepare Lambeau's entry for the loss carryforward on December 31, 2020, assuming that management determined that it was more likely than not that the deferred tax asset would be realized.

Problem 1: List multiple debits (when applicable) in alphabetical order and list multiple credits (when applicable) in alphabetical order.

Reference no: EM132786794

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