Question
On 31 December 2019, income summary account has $5,000,000 debit total and $15,000,000 credit total before tax expense of the year. Corporate Income Tax rate
On 31 December 2019, income summary account has $5,000,000 debit total and $15,000,000 credit total before tax expense of the year. Corporate Income Tax rate is 15 % and company has to allocate 5% of legal reserves.
Make required journal entries. (10 points)
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Food And Beverage Cost Control
Authors: Lea R. Dopson, David K. Hayes, Jack E. Miller
4th Edition
0471694177, 978-0471694175
