Oriole Corporation reported $203000 in revenues in its 2021 financial statements, of which $69000 will not be included in the tax return until 2022. The enacted tax rate is 30% for 2021 and 25% for 2022. What amount should Oriole report for deferred income tax liability in its balance sheet at December 31, 2021
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Home » Business » Oriole Corporation reported $203000 in revenues in its 2021 financial statements, of which $69000 will not be included in the tax return until 2022. The enacted tax rate is 30% for 2021 and 25% for 2022.