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TIA!! In 2020 . Cheyenne Corporation had pretax financial income of $185,000 and taxable income of $117,000. The difference is due to the use of
TIA!! 
In 2020 . Cheyenne Corporation had pretax financial income of $185,000 and taxable income of $117,000. The difference is due to the use of cifferent depreciation methods for tax and accounting purposes. The effective tax rate is 20%. Compute the amount to be reported as income taxes payable at December 31,2020 Income taxes payable at December 31,2020 Step by Step Solution
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Financial Modeling
Authors: Simon Benninga
3rd Edition
0262026287, 9780262026284
