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(7). Which of the following illustrates the journal entry to record the current Income taxes on the discontinued loss of $50,000 marks)? Account Title Debit

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(7). Which of the following illustrates the journal entry to record the current Income taxes on the discontinued loss of $50,000 marks)? Account Title Debit Credit A. Current tax expenses discontinued operations 6,250 Current Income tax payable 6,250 6,250 6. Current Income tax payable Current tax expense discontinued operations 6,250 Current income tax payable Current tax expense discontinued operations 7,500 7,500 15,000 D. Current tax expense discontinued operations Current Income tax payable 15,000 87

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