Business, 15.04.2020 16:58 Richelleypinelley

Ronin, Inc. had pre-tax accounting income of $2.700,000 and a tax rate of 40% in 2018, its first year of operations. During 2018 the company had the following transactions Received rent from Jean Co. for 2019 Municipal bond income Depreciation for tax purposes in excess of book depreciation Instaliment sales profit to be taxed in 2019 $96,000 $120,000 $60,000 $162,000 For 2018, what is the amount of income taxes payable for Ronin, Inc? a) b) At the end of 2018, which of the deferred tax accounts and balances exist at December 31, 2018, and what are the balances?

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Ronin, Inc. had pre-tax accounting income of $2.700,000 and a tax rate of 40% in 2018, its first yea...