In early 2009 sanborn company must pay the tax authority, Ask an Expert

Accounting

In early 2009 Sanborn Company must pay the tax authority €37,000 on the income it earned in 2008. Th is amount was recorded on the company's 31 December 2008 financial statements as:

A. taxes payable.
B. income tax expense.
C. a deferred tax liability.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91769274

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