Quiz – Kent Corp. Current Portion of Income Tax Expense, deferred tax liability, Income Tax Expense
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
This solver solves all three problems, but you will most likely only be asked for one of the green outputs.
Given Pretax accounting income, permanent and temporary differences, and the cumulative future taxable amounts from depreciation temporary differences, determine the current portion of income tax, the deferred tax liability for the newer year, and the income tax expense for the newer year.
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