со thousands) is closest to: ax expense

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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100%
The following information is available about a
company:
($ thousands)
Deferred tax
assets
Deferred tax
liabilities
Earnings before
taxes
Income tax
payable
2013
200
-450
4,000
1,000
2012
160
-360
3,800
900
The company's 2013 income tax expense (in
thousands) is closest to:
$1,250
$950
$1,050
Transcribed Image Text:The following information is available about a company: ($ thousands) Deferred tax assets Deferred tax liabilities Earnings before taxes Income tax payable 2013 200 -450 4,000 1,000 2012 160 -360 3,800 900 The company's 2013 income tax expense (in thousands) is closest to: $1,250 $950 $1,050
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