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Saved Scooter Company purchased a short-term investment on January 1, 20X1 as shown below. Cost of the short-term investment Fair value of the short-term investment
Saved Scooter Company purchased a short-term investment on January 1, 20X1 as shown below. Cost of the short-term investment Fair value of the short-term investment at year-end Tax rate 425,000 516,000 21% 1,790,000 Sales Operating expenses Estimated tax payment 1,529,000 30,000 What is the ending balance of taxes payable at December 31, 20X1? Numeric Response
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