Refer to Practice 164. Assume that the income tax rate is 35% for the current year but

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Refer to Practice 16–4. Assume that the income tax rate is 35% for the current year but that the enacted tax rate for all future years is 42%. Prepare the journal entry or entries necessary to record income tax expense for the year.

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Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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Question Posted: Jan 29, 2012 12:39 AM

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Refer to Practice 164. Assume that the income tax rate is 35% for the current year but

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Income Tax Expense 3836 Income Tax Payable 35...View the full answer

Intermediate Accounting

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