Business, 24.12.2021 08:50 alexiagreen1212

In its Year 4 income statement, Cere Co. reported income before income taxes of $300,000. Cere estimated that, because of permanent differences, taxable income for Year 4 would be $280,000. During Year 4, Cere made estimated tax payments of $50,000, which were debited to income tax expense. Cere is subject to a 30% tax rate. What amount should Cere report as income tax expense

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In its Year 4 income statement, Cere Co. reported income before income taxes of $300,000. Cere estim...

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