Using the information from BE18-3, prepare Nilsons journal entry to record 2011 taxes. Assume a tax rate

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Using the information from BE18-3, prepare Nilson’s journal entry to record 2011 taxes. Assume a tax rate of 25% and that Nilson uses the taxes payable method of accounting for income taxes under PE GAAP.

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Intermediate Accounting

ISBN: 978-0470161012

9th Canadian Edition, Volume 2

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.

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Question Posted: Aug 23, 2015 08:39 AM

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Using the information from BE18-3, prepare Nilsons journal entry to record 2011 taxes. Assume a tax rate

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