Question
A company makes the following journal entry for 2021: Dr. Income Tax Expense xxxx Dr. Deferred Tax Asset 60,000 Cr. Deferred Tax Liability 13,000 Cr.
A company makes the following journal entry for 2021:
Dr. Income Tax Expense xxxx
Dr. Deferred Tax Asset 60,000
Cr. Deferred Tax Liability 13,000
Cr. Income Tax Payable 611,000
On the income statement, the current portion of income tax expense for 2021 appears as: _______________.
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Management Control Systems Performance Measurement Evaluation And Incentives
Authors: Kenneth Merchant, Wim Van Der Stede
4th Edition
1292110554, 978-1292110554
