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(18 pts) Part 4:Provision for Taxes - Quarterly Entries Bass Corporation's actual earnings for the first two quarters of 2016 and its estimate during each quarter of its annual earnings are: Actual first-quarter earnings Actual second-quarter earnings First-quarter estimate of annual earnings Second-quarter estimate of annual earnings $200,000 $ 255,000 $ 675,000 $710,000 and taxable income for 2016 as:

 
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Advanced Accounting

7th edition

Authors: Debra C. Jeter, Paul K. Chaney

ISBN: 978-1119373209