Analysis Of The Assets And Liabilities Of Marie Corp On December 31 2011 Disclos

Analysis of the assets and liabilities of Marie Corp. on December 31, 2011, disclosed assets with a tax basis of $1,000,000 and a book basis of $1,300,000. There was no difference in the liability basis. The difference in asset basis arose from temporary differences that would reverse in the following years:2012 ………………………. $80,0002013 ………………………. 70,0002014 ………………………. 72,0002015 ………………………. 40,0002016 ………………………. 38,000The enacted tax rates are 30 percent for the years 2011-2014 and 35 percent for 2015-2018. The total deferred tax liability on December 31, 2011, should beA) $105,000.B) $93,900.C) $90,000.D) $69,000.

Analysis of the assets and liabilities of Marie Corp. on December 31, 2011, disclosed assets with a tax basis of $1,000,000 and a book basis of $1,300,000.There was no difference in the liability…