Calculate a Target's Deferred Tax Liability Given the Following Details

question 24

Multiple Choice

Calculate a target's deferred tax liability given the following details.

Details:
Tangible asset write-up: $100.0m
Intangible asset write-up: $50.0m
Total asset write-up: $150.0m
Tax rate: 38%

• A)$57.0m
• B)$19.0m
• C)$114.0m
• D)$76.0m

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Definitions:

Globalization

The process whereby businesses, culture, and information spread worldwide, leading to increased interconnectedness and interdependence.

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A disease caused by microorganisms, such as bacteria, viruses, fungi, or parasites, that can be spread, directly or indirectly, from one person to another.

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The act of one person killing another, whether lawfully justified or not, including murder and manslaughter.

African-American

An ethnic group of Americans with total or partial ancestry from any of the black racial groups of Africa.