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Intermediate Accounting
9th Edition
ISBN: 9781259722660
Author: J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher: McGraw-Hill Education
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Question
Chapter 20, Problem 20.15E
(1)
To determine
Deferred Tax is a liability account that shows the reconciliation amount that occurred due to differences between the estimated income tax amount (Income Tax Expense account) and the outstanding amount of income tax (Income Tax Payable account).
To Journalize: The appropriate
(2)
To determine
To Identify: Adjustment needed to revise
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Chapter 20 Solutions
Intermediate Accounting
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