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Business, 29.02.2020 01:43 gdestini165

Crane Corp. has pretax accounting income of $100,000. Crane has rent received in advance of $10,000. It is expected that Crane will report the revenue on the income statement in the following year when the performance obligation is satisfied. Crane has tax depreciation that is $25,000 more than depreciation expense for financial reporting purposes. The enacted tax rate is 30%. Which of the following entries will be included in the journal entry to record income tax at year-end? (Select all that apply.)

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Crane Corp. has pretax accounting income of $100,000. Crane has rent received in advance of $10,000....
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