Question
for calender year 2020, power inc. had net income before income taxes in the amount of $10,000. Tax rates are 20% Federal, 9% NY State,
for calender year 2020, power inc. had net income before income taxes in the amount of $10,000. Tax rates are 20% Federal, 9% NY State, and 8% NY City . Wowee adjusts its books annually.
A. Prepare the AJE, if any, on 12/31/20.
B. Record the payment of the taxes on 3/15/21
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Financial Accounting An Introduction To Concepts Methods And Uses
Authors: Clyde P. Stickney, Roman L. Weil
10th Edition
0324183518, 978-0324183511
