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Concord Inc. had service revenue of $748000, operating expenses of $396000, and interest expense of $29500 for the year ended December 31, 2024. The
Concord Inc. had service revenue of $748000, operating expenses of $396000, and interest expense of $29500 for the year ended December 31, 2024. The company has a 30% income tax rate. Assuming Concord has already made income tax instalments of $61700, the company should record income taxes by debiting Income Tax Expense for $96750. debiting Income Tax Expense for $43900. O debiting Income Tax Expense for $35050. O debiting Income Tax Expense for $49850.
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