Bismark Corp. has $90,000 of income before income taxes, a 40% tax rate, and $76,000 of taxable

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Bismark Corp. has $90,000 of income before income taxes, a 40% tax rate, and $76,000 of taxable income. Provide the journal entry for the current year's taxes.

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Accounting

ISBN: 978-0324401844

22nd Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac

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Question Posted: Jul 17, 2012 01:22 AM

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Bismark Corp. has $90,000 of income before income taxes, a 40% tax rate, and $76,000 of taxable

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Income Tax Expense 36000 Income Tax Payable 30400 Def...View the full answer

Accounting

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