FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Pretax accounting income is $206,000.
Which of the following is true?
- Income tax expense is 206,000 x .2
- The current portion is 206,000 x .20
- Income tax expense is less than the current portion.
- Income tax expense is more than the current portion.
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