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Business, 08.04.2020 00:44 laniiawesomee

Roberts Corp. reports pretax accounting income of $184,000, but due to a single temporary difference, taxable income is only $142,000. At the beginning of the year, no temporary differences existed. Roberts is subject to a tax rate of 25%. Prepare the compound journal entry to record Roberts Corp.'s income taxes. Show well-labeled computations.

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