Gather Corporation has made and recorded its quarterly income tax payments. After a final review of taxes
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Gather Corporation has made and recorded its quarterly income tax payments. After a final review of taxes for the year, the company identifies an additional $30,000 of income tax expense that should be recorded. A portion of this additional expense, $8,000, is deferred for payment in future years. Record Cather’s year-end adjusting entry for income tax expense.
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Fundamental Accounting Principles
ISBN: 9780072946604
17th Edition
Authors: Kermit D. Larson, John J Wild, Barbara Chiappetta
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