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shelbes1234 shelbes1234
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6 years ago
Greene Co. has pretax book income for the year ended December 31, 2015 in the amount of $265,000 and has a tax rate of 20%. Depreciation for tax purposes exceeded book depreciation by $13,500.

What should Greene Co. record as its federal income tax liability for 2015?
A) $53,000
B) $99,250
C) $50,300
D) $55,700
Textbook 
Intermediate Accounting

Intermediate Accounting


Edition: 1st
Authors:
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wrote...
6 years ago
 C
Explanation:  ($265,000 - $13,500)  20%
shelbes1234 Author
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6 years ago
Literally the most helpful website ever
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6 years ago
Monkey
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