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In 2025, Headland Corporation had pretax financial income of $167,000 and taxable income of $125,000. The difference is due to the use of different

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In 2025, Headland Corporation had pretax financial income of $167,000 and taxable income of $125,000. The difference is due to the use of different depreciation methods for tax and accounting purposes. The effective tax rate is 30%. Compute the amount to be reported as income taxes payable at December 31, 2025. Income taxes payable at December 31, 2025 $

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