A company makes the following journal entry for 2021: Dr. Income Tax Expense xxxx Dr. Deferred Tax Asset 62,000 Cr. Deferred Tax Liability 11,000 Cr. Income Tax Payable 536,000 On the income statement, the current portion of income tax expense for 2021 appears as: _______________
A company makes the following journal entry for 2021: Dr. Income Tax Expense xxxx Dr. Deferred Tax Asset 62,000 Cr. Deferred Tax Liability 11,000 Cr. Income Tax Payable 536,000 On the income statement, the current portion of income tax expense for 2021 appears as: _______________
Chapter12: Tax Credits And Payments
Section: Chapter Questions
Problem 23P
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Question
A company makes the following
Dr. Income Tax Expense xxxx
Dr.
Cr.
Cr. Income Tax Payable 536,000
On the income statement, the current portion of income tax expense for 2021 appears as: _______________.
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