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In 2020, Flounder Corporation had accounting income of $232,000 and taxable income of $182,000. The difference is due to the use of different depreciation methods

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In 2020, Flounder Corporation had accounting income of $232,000 and taxable income of $182,000. 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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