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Business, 06.11.2019 23:31 mauricestepenson791

During 20x5, estimated tax payments of $300,000 were charged to prepaid taxes. trey has not yet recorded income tax expense. there were no differences between financial statement and income tax income, and trey's tax rate is 30%. included in accounts receivable is $500,000 due from a customer. special terms granted to this customer require payment in equal semi-annual installments of $125,000 every april 1 and october 1. in trey's december 31, 20x5 balance sheet, what amount should be reported as total retained earnings?

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During 20x5, estimated tax payments of $300,000 were charged to prepaid taxes. trey has not yet reco...

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