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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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7 years ago
The amount of income taxes ________.
A) required by the federal government for a corporation is calculated on a Form 1120
B) the corporation owes, but has not yet paid, is reported as a long-term liability on the balance sheet
C) paid by the corporation, when it files the Form 1120, is recorded as a debit to the Income Tax Expense account and a credit to the Cash account
D) the corporation owes, but has not yet paid, is recorded as a debit to the Income Tax Payable account
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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H3Ko Author
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#2
7 years ago
I just realized you had posted this! Thanks so much
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