In 2012 amirante corporation had pretax financial income of, Ask an Expert

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In 2012, Amirante Corporation had pretax financial income of $233,800 and taxable income of $193,600. The difference is due to the use of different depreciation methods for tax and accounting purposes.The effective tax rate is 40%. Compute the amount to be reported as income taxes payable at December 31, 2012.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9963617

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