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Maxwell Inc. had pretax financial income $840, 000 in 2015. Included in the computation of that amount is accrued warranty expense of $20, 000 which

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Maxwell Inc. had pretax financial income $840, 000 in 2015. Included in the computation of that amount is accrued warranty expense of $20, 000 which is not deductible for tax purposes. In addition, depreciation for tax purposes exceeds depreciation for financial reporting purposes by $30, 000. Assume that the tax rate is 35%. Prepare Maxwell's journal entry to record 2015 taxes

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