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Business, 03.08.2019 04:10 Michael9979

Newberry corp. has pretax accounting income of $100,000. newberry has tax depreciation in excess of financial accounting depreciation of $20,000. bad debt expense on the income statement was $5,000, and bad debts for tax reporting was $2,000. the enacted tax rate is 40%. what entries will be included in the journal entry to record income tax at year-end?

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Newberry corp. has pretax accounting income of $100,000. newberry has tax depreciation in excess of...
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