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Tax Calculation and Journal Entries Net income before taxes: $100,000 Corporate tax rate: 25% Tasks: Calculate the income tax expense. Prepare the journal entry
Tax Calculation and Journal Entries
- Net income before taxes: $100,000
- Corporate tax rate: 25%
Tasks:
- Calculate the income tax expense.
- Prepare the journal entry for the income tax expense.
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
6th Canadian edition
1118644948, 978-1118805084, 1118805089, 978-1118644942
