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ACC 302, easy. Q1 In 2025, Ayayai Corporation had pretax financial income of $153,000 and taxable income of $127,000. The difference is due to the
ACC 302, easy. Q1 
In 2025, Ayayai Corporation had pretax financial income of $153,000 and taxable income of $127,000. The difference is due to the use of different depreciation methods for tax and accounting purposes. The effective tax rate is 30%. Compute the amount to be reported as income taxes payable at December 31, 2025. Income taxes payable at December 31,2025$ Step by Step Solution
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Accounting Information Systems
Authors: Marshall B. Romney
8th Edition
0201357216, 9780201357219
