Poco reports 400000 of pretax book net income in 2011 poco

Reference no: EM13600192

Poco, reports $400,000 of pretax book net income in 2011. Poco did not deduct any bad debt expense for book purposes but did deduct $20,000 in bad debt expense for tax purposes. Poco has no other temporary or permanent differences. Among the U.S. tax rate is 35%, compute Poco's total income tax expense, current income tax expense and deferred tax liability balance income tax expense.

Reference no: EM13600192

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