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Kirkman Company rents properties to tenants. At the end of 2020 Kirkman recorded the following entry related to a tenant property DR Can 100,000 CR
Kirkman Company rents properties to tenants. At the end of 2020 Kirkman recorded the following entry related to a tenant property DR Can 100,000 CR payment represents rent paid in advance by one of Kirkman's tenants for the years 2021 and 2022. Kirkman is a cash basis taxpayer At the end of 2020, payable of $123,000 anit is subject to a tax rate of 38%, What amount of income tax expense should Kirkman Company report at the end of 3000 CA$153.400 On $107,000 OC $73.400 OD $92.600 neamed 0,000 The man reported ecme taxes Moving to another queen wil save this resprise Question 9 Quition of 25 4 points Kirkman Company rents properties to tenants. At the end of 2020 Kirkman recorded the following entry related to a tenant property DR: Cash $60,000 CR Uneamed Rent $80,000 The payment represents rent paid in advance by one of Kirkman's tenants for the years 2021 and 2022 Kirkman is a cash basis taxpayer. At the end of 2020, Kirkman reported income taxes payable of $123,000 and is subject to a tax rate of 38% What amount of income tax expense should Kirkman Company report at the end of 20207 Ox$153.400 O $107,800 OCS73.400 On 592.600
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