Question: v / 2 E View Policies Current Attempt in Progress Sheridan Corp.'s 2021 income statement showed pretax accounting income of $1800000t To compute the federal

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v / 2 E View Policies Current Attempt in Progress Sheridan Corp.'s 2021 income statement showed pretax accounting income of $1800000t To compute the federal income tax liability, the following 2021 data are provided: Income from exempt municipal bonds $93000 Depreciation deducted for tax purposes in excess of depreciation . 130000 deducted for nanCIal statement purposes Estimated federal income tax payments made 160000 Enacted corporate income tax rate 20% What amount of current federal income tax liability should be included in Sheridan's December 31, 2021 balance sheet? $315400 $181400 $200000 $155400 Save for Later Attempts: 0 of 1 used Multiple Choice Question 24 Multiple Choice Question 25 Multiple Choice Viewing Question 26 Multiple Choice Question 27 Multiple Choice Question 28 Multiple Choice Question 29 Multiple Choice Question 30 Multiple Choice Question 31 Accounting Multistep Question 32 Accounting Multistep Score pending due date .t./2 Score pending due date - / 2 Not started A / 2 Not started - / 2 Not started / 2 Score pending due date - / 2 Not started - / 2 Not started A / 20 Not started - / 20 Not started education.wiley.com C + 88 Exam #3 F'22 2pm W NWP Assessment Player UI Ap... W NWP Assessment Player UI Ap... W NWP Assessment Player UI Ap... Course Hero Course Hero Exam #3 F'22 2pm 01 : 28 : 55 Question 23 ... / 2 Multiple Choice Score pending due date Question 25 of 32

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