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In 2020, Flint Corporation had accounting income of $231,000 and taxable income of $179,100. The difference is due to the use of different depreciation methods
In 2020, Flint Corporation had accounting income of $231,000 and taxable income of $179,100. The difference is due to the use of different depreciation methods for tax and accounting purposes. The tax rate is 25%. Calculate the amount to be reported as income tax payable at December 31, 2020. Income tax payable $
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