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ve 12 X A AA 2. A + Zurich Company reports pretax financial income of $70,000 for 2017 The following item causes taxable income to
ve 12 X A AA 2. A + Zurich Company reports pretax financial income of $70,000 for 2017 The following item causes taxable income to be different than pretax financial income: Rent revenue on the tax return is greater than rent revenue recognized on the income statement by $22,000 Zurich's tax rate is 30% for all years, and the company expects to report taxable income in all future years. There are no deferred taxes at the beginning of 2017. REQUIRED: Prepare Z Company's journal entry to record 2017 taxes. 176 words English (United States)
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