Business, 06.05.2020 17:07 jjmage2206

Information for Kent Corp. for the year 2021:

Reconciliation of pretax accounting income and taxable income:

Pretax accounting income $ 180,200

Permanent differences (14,000 ) 166,200

Temporary difference-depreciation (10,900 )

Taxable income $ 155,300

Cumulative future taxable amounts all from depreciation temporary differences:

As of December 31, 2020 $ 11,700

As of December 31, 2021 $ 22,600

The enacted tax rate was 25% for 2020 and thereafter. What should Kent report as the current portion of its income tax expense in the year 2021?

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Information for Kent Corp. for the year 2021:

Reconciliation of pretax accounting incom...