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Crane's tax rate is 30% for all years, and the company expects to report taxable income in all future years. There are no deferred
Crane's tax rate is 30% for all years, and the company expects to report taxable income in all future years. There are no deferred taxes at the beginning of 2025. (a) Your answer is correct. Compute taxable income and income taxes payable for 2025. (b) Taxable income 82900 Income taxes payable $ 24870 eTextbook and Media List of Accounts Your answer is partially correct. " Attempts: 2 of 3 used Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2025. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Income Tax Expense eTextbook and Media Debit Credit
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