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Information to determine the taxable income and current tax of LK Ltd is shown below. Assume a company tax rate of 30%. What is current
Information to determine the taxable income and current tax of LK Ltd is shown below. Assume a company tax rate of 30%. What is current tax journal entry for the period? a. DR. Income Tax Expense $21000; CR. Current Tax Liability $21000 b. DR. Income Tax Expense $15000; CR. Current Tax Liability $15000 c. DR. Current Tax Expense $33000; CR. Income Tax Liability $33000 d. DR. Income Tax Expense $18000; CR. Current Tax Liability $18000 Clear my choice
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