uity balances. On January 2, 2025, it purchased for cash $20,760 of d interest of $4,100 during the year on these securities. In addition, it F of tax. Determine the following amounts for 2025: (a) net income, (b) cc accumulated other comprehensive income (end of 2025).

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A: Data from main section: Beta of asset=0.48 KA= 5.4%

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A: Part a 1:

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A: When should the defender be replaced?

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Deferred Tax

Deferred tax is an estimated future tax which is made while preparing accounts. It is estimated as a result of past and present transactions in the financial statements. It is not the actual tax which needs to be paid or refundable from the revenue authority, it is an accounting entry. It exists because of the difference between accounting profits and taxable profits.