Mitchell Corporation had income before income taxes of ($195),000 in 2015. Mitchells current income tax expense is

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Mitchell Corporation had income before income taxes of \($195\),000 in 2015. Mitchell’s current income tax expense is \($48\),000, and deferred income tax expense is \($30\),000. Prepare Mitchell’s 2015 income statement, beginning with income before income taxes.

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Intermediate Accounting IFRS Edition

ISBN: 9781118443965

2nd Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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