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Teal Mountain Inc. has recorded all necessary adjusting entries, except for income tax expense, at its fiscal year end, July 31, 2024. The following information

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Teal Mountain Inc. has recorded all necessary adjusting entries, except for income tax expense, at its fiscal year end, July 31, 2024. The following information has been taken from the adjusted trial balance: All accounts have normal balances and total assets equal $997,350. Teal Mountain has a 20% income tax rate

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