In the first year of operations, FKF company reported $8,000 of warranty expense on the...
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In the first year of operations, FKF company reported $8,000 of warranty expense on the tax return and $10,000 of warranty expense on the income statement. The difference will generate a a. deferred tax asset b. lawsuit by shareholders c. audit by the IRS d.deferred tax liability please show the answer and reasons thank you
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