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Prepare the necessary journal entry for hillyard corporation

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Reference no: EM131592717

Question: At December 31, 2014, Hillyard Corporation has a deferred tax asset of $200,000. After a careful review of all available evidence, it is determined that it is probable that $60,000 of this deferred tax asset will not be realized. Prepare the necessary journal entry.

Reference no: EM131592717

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