Question
EZ, Inc., reports pretax accounting income of $373,000, but due to a single temporary difference, taxable income is $470,000. At the beginning of the year,
EZ, Inc., reports pretax accounting income of $373,000, but due to a single temporary difference, taxable income is $470,000. At the beginning of the year, no temporary differences existed. EZ is subject to a tax rate of 30%.
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Prepare the appropriate journal entry to record EZ's income taxes.
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Construction Auditing Planning Implementation Use
Authors: Peter Wotschke, Gregor Kindermann
1st Edition
3658388404, 978-3658388409
