A company reports pretax accounting income of 9 million but, Ask an Expert

Accounting

A company reports pretax accounting income of $9 million, but because of a single temporary difference, taxable income is only $6 million. No temporary differences existed at the beginning of the year, and the tax rate is 30%.

Prepare the appropriate journal entry to record income taxes.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M92049851

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