In 2020, Douglas Services had reported a deferred tax asset of $242 million with no...
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In 2020, Douglas Services had reported a deferred tax asset of $242 million with no valuation allowance At December 2021, the account balances of Douglas Services showed a deferred tax asset of $310 million before assessing the me valuation allowance and income taxes payable of $118 million Douglas determined that it was more likely than no the deferred tax asset ultimately would not be realized. Douglas made no estimated tax payments during 2021. Whe should Douglas report as income tax expense in its 2021 income statement? (Round your calculations to the neares million) $143 milion $118 million $107 million $192 million
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