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Question Not yet answered Points out of 3.00 Kensington had this info at the end of 2015, its first year of operations Pretax book income
Question Not yet answered Points out of 3.00 Kensington had this info at the end of 2015, its first year of operations Pretax book income S 800,000 300,000 200,000 100,000 Accrued expense Excess of tax over book depreciation Flag question Interest Income on municipal bonds No other permanent or temporary differences exist. The accrued expense will be paid in 2018; the depreciation will reverse evenly over the next three years. Tax rate is 30%. Future net income is probable The 12/31/15 Income Tax Payable is Select one O a. $60,000 O b. $240,000 O c. $210,000 O d. $180,000 e. $360,000
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