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In 2020, a company has an accounts receivable of $14,000 for products that were delivered to the customer in 2020. It will be collected in
In 2020, a company has an accounts receivable of $14,000 for products that were delivered to the customer in 2020. It will be collected in 2021. The company has a tax rate of 30% and taxable income of $252,000 at the end of 2020. There were no deferred taxes at the beginning of 2020. What is the amount of income tax expense for 2020?
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