Business, 31.10.2021 01:00 haylee8530

In 2020, Indigo Corporation had pretax financial income of $175,000 and taxable income of $130,000. The difference is due to the use of different depreciation methods for tax and accounting purposes. The effective tax rate is 20%. Compute the amount to be reported as income taxes payable at December 31, 2020.

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In 2020, Indigo Corporation had pretax financial income of $175,000 and taxable income of $130,000....