Co. made & recorded its quarterly income tax payments. After final review Co. ID's an additional $40,000 in income expense that should be recorded. A portion of this additional expense, $6,000, is deferrable to future years.
What is the year-end tax expense adjusting entry?© BrainMass Inc. brainmass.com December 24, 2021, 4:46 pm ad1c9bdddf
This solution looks at the year-end income tax expense adjusting entry.