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    Tax Expense Adjusting Entry

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    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 February 24, 2021, 2:11 pm ad1c9bdddf
    https://brainmass.com/business/the-adjusting-process/year-end-tax-expense-adjusting-entry-6320

    Solution Summary

    This solution looks at the year-end income tax expense adjusting entry.

    $2.19

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