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In 2016, its first year of operations, Wilber Company reported pretax accounting income of $60,000. Included in the$60,000 was an expense for accrued, unpaid warranty
In 2016, its first year of operations, Wilber Company reported pretax accounting income of $60,000. Included in the$60,000 was an expense for accrued, unpaid warranty costs of $8,000, which are not deductible until paid for income tax purposes. Wilber's income tax rate was 20%. The entry to record the income tax expense would include a
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