question archive Keely Tiger Inc

Keely Tiger Inc

Subject:AccountingPrice: Bought3

Keely Tiger Inc. reports tax expense of $558,626 on its 2020 Income Statement. The firm's Balance Sheet reports no deferred tax assets and a $37,697 decrease in deferred tax liabilities during 2020. Using only this information, what is your best estimate of the amount of tax due per the firm's 2020 tax returns?

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