Question
The income tax rate is 30% on current and is payable in the first quarter of 2014. The pretax income before the preceding adjusting entries
The income tax rate is 30% on current and is payable in the first quarter of 2014. The pretax income before the preceding adjusting entries is $6,800.
The accounts are;
Income tax expense
Income tax payable.
I do not understand this question and what it is asking for. Can you help me?
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College Accounting Chapters 1-15
Authors: James A Heintz, Robert W Parry
19th Edition
0324376162, 978-0324376166
