PLC Company reported $400,000 in income tax expense for the year under the accrual method. Its balance
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PLC Company reported $400,000 in income tax expense for the year under the accrual method. Its balance sheet reported an overall increase in deferred income tax liability of $10,000 and a decrease in income tax payable of $15,000.
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How much would PLC report as income tax expense had it used the taxes payable method?
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