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E9-21 Computing Deferred Income Tax (Supplement B) LO 9-6 The following information pertains to the Lewis Corporation. Year 2 $390,000 $400,000 41,000 47,000 Year 1
E9-21 Computing Deferred Income Tax (Supplement B) LO 9-6 The following information pertains to the Lewis Corporation. Year 2 $390,000 $400,000 41,000 47,000 Year 1 Income taxes payable Increase in deferred tax liability Required: 1. For each year, compute income tax expense (assume that no taxes have been paid) Year 1 Year2 ncome tax expense
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