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7. In its first four years of operations Peridot Jewelers reported the following operating income (loss) amounts: 2019 2020 2021 $150,000 100,000 (300,000) 2022
7. In its first four years of operations Peridot Jewelers reported the following operating income (loss) amounts: 2019 2020 2021 $150,000 100,000 (300,000) 2022 450,000 There were no other deferred income taxes in any year. The enacted income tax rate was 40%. In its 2022 financial statements, what amount should Peridot report as current income tax payable? a. $150,000. b. C. d. $10,000. $0. $60,000.
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