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In its first year of operations, the Aaron Company's 12/31/18 adjusting tax journal entry includes an entry to Income Tax Expense of $100, a Deferred
In its first year of operations, the Aaron Company's 12/31/18 adjusting tax journal entry includes an entry to Income Tax Expense of $100, a Deferred Tax Liability of $10, and Income Tax Payable of $90. What will be included in the presentation of Income Tax Expense on the 2018 Income Statement?
Select one:
a.A $10 deferred credit.
b.A $10 deferred debit
c.A current portion of $100
d.A current portion of $10
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