Refer to the situation described in be 16-4 suppose the


1. Refer to the situation described in BE 16-4. Suppose the unearned portion of the rent collected was $40 million at the end of 2012. Taxable income is $200 million. Prepare the appropriate journal entry to record income taxes. 

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Accounting Basics: Refer to the situation described in be 16-4 suppose the
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