Question
Cisco Systems, Inc. has income before income taxes of $15,000,000 and a tax rate of 22%. Calculate the income tax provision for the year and
Cisco Systems, Inc. has income before income taxes of $15,000,000 and a tax rate of 22%. Calculate the income tax provision for the year and prepare the journal entry to record income taxes.
Description | Amount |
Income Before Income Taxes | $15,000,000 |
Tax Rate | 22% |
Income Tax Provision |
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Financial Reporting and Analysis
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
7th edition
1259722651, 978-1259722653
