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In 2020, Oriole Corporation had pretax financial income of $173,000 and taxable income of $118,000. The difference is due to the use of different
In 2020, Oriole Corporation had pretax financial income of $173,000 and taxable income of $118,000. The difference is due to the use of different depreciation methods for tax and accounting purposes. The effective tax rate is 20%. Compute the amount to be reported as income taxes payable at December 31, 2020. Income taxes payable at December 31, 2020 $
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Accounting Introduction To Financial Accounting
Authors: Henry Dauderis, David Annand
1st Edition
1517089719, 978-1517089719
