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Prepare the entry to record income tax given the following

Question - Prepare the entry to record income tax given the following information and show how the related liabilities would be displayed on the balance sheet

Income before tax is $100,000

Taxable income is $ 80,000

The Corporate income tax rate is 40%

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Accounting Basics: Prepare the entry to record income tax given the following

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Accounting Basics: Prepare the entry to record income tax given the following

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