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Company C's tax rate is 25%. Taxae income is $100,000. In tbe future years company C's warranty cost for tax purposes will be $1,000 higher
Company C's tax rate is 25%. Taxae income is $100,000. In tbe future years company C's warranty cost for tax purposes will be $1,000 higher than for financial statements purposes. Post the journal entries.
5. Company C's tax rate is 25%. Taxable income is $100,000. In future years Company C's warranty cost for tax purposes will be $1,000 higher than for financial statement purposes Step by Step Solution
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