Question
In 2023, Crane Corporation had accounting income of $232,000 and taxable income of $179,900. The difference is due to the use of different depreciation method
In 2023, Crane Corporation had accounting income of $232,000 and taxable income of $179,900. The difference is due to the use of different depreciation method for tax and accounting purposes. The tax rate is 25%.
Calculate the amount to be reported as income tax payable at December 31, 2023
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IT Security Risk Control Management An Audit Preparation Plan
Authors: Raymond Pompon
1st Edition
1484221397, 978-1484221396
