Refer to the information for Viceron Inc. and your answer in BE13.6. Prepare an income statement for

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Refer to the information for Viceron Inc. and your answer in BE13.6. Prepare an income statement for Viceron Inc. for the year ended June 30, 2021.


BE13.6

For the year ended June 30, 2021, Viceron Inc. had service revenue of $800,000 and operating expenses of $575,000. The company has a 15% income tax rate. No income tax instalments have been paid or recorded. Prepare the journal entry to record income tax.

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Accounting Principles Volume 2

ISBN: 978-1119502555

8th Canadian Edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

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