Use the Following Information for Questions

question 92

Short Answer

Use the following information for questions.
Operating income and tax rates for C.J.Company's first three years of operations were as
follows:

-Assuming that C.J.Company opts only to carryforward its 2011 NOL, what is the amount of deferred tax asset or liability that C.J.Company would report on its December 31, 2011 balance sheet?

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