Question

Anugraham Corp. began operations in 2011 and reported accounting income of $275,000 for the year.
Anugraham's CCA exceeded its book depreciation by $40,000. Anugraham's tax rate for 2011 and years thereafter is 35%.
In its December 31, 2011 balance sheet, what amount of future income tax liability should be reported?


$1.99
Sales1
Views103
Comments0
  • CreatedAugust 23, 2015
  • Files Included
Post your question
5000