FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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At the end of 2021, a company has a
- income tax expense will be debited by $205,000.
- income tax expense will be credited by $205,000.
- deferred tax asset will be debited by $275,000
- the valuation account will be credited by $205,000.
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