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What will the carrying value of the deferred tax asset

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Question 1: Blinds Inc. reported taxable income of $200,000 for Year 2. Blinds had no permanent or temporary differences for tax purposes, a tax rate of 25%, and a $300,000 net operating loss carryforward from Year 1. What will the carrying value of the deferred tax asset be on the balance sheet at the end of Year 2?

Reference no: EM132503693

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