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Business, 26.07.2019 23:20 Brock2002

In its year 3 income statement, cere co. reported income before income taxes of $300,000. cere estimated that, because of permanent differences, taxable income for year 3 would be $280,000. during year 3 cere made estimated tax payments of $50,000, which were debited to income tax expense. cere is subject to a 30% tax rate. what amount should cere report as income tax expense?

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In its year 3 income statement, cere co. reported income before income taxes of $300,000. cere estim...

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