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Roberts corp reports pretax accounting income of 200000

Roberts Corp. reports pretax accounting income of $200,000, but due to a single temporary difference, taxable income is only SI50,000. At the beginning of the year, no temporary differences existed. Roberts is subject to a tax rate of 40%.

Required: Prepare the compound journal entry to record Roberts Corp.'s income taxes. Show well-labeled computations.

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Accounting Basics: Roberts corp reports pretax accounting income of 200000

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Accounting Basics: Roberts corp reports pretax accounting income of 200000

Reference No:- TGS01129032

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