Answer:
a. to draw the composition on wood panels.
Explanation:
The journal entry to recognize Baginski’s 2025 tax expense includes a Debit to Income tax expense and Credit to Income tax payable.
<h3>What is a tax expense or benefit?</h3>
The tax expense refers to the total amount of taxes owed by an individual, corporation or other entity to a taxing authority while the tax benefit refers to the refers to any tax law that helps one reduce tax liability.
In accounting, the companies record an income tax expense as a debit and income tax payable as a credit in journal entries.
<h3>Journal entry to recognize Baginski’s 2025 tax expense or tax benefit.</h3>
Date General Journal Debit Credit
Income tax expense $62,500
($250,000 * 25%)
Income tax payable $62,500
(To record the tax expense for 2025)
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The Art of Painting, often referred to as The Allegory of Painting or Painter in His Studio, is an oil painting on canvas by Dutch artist Johannes Vermeer from the 17th century. It is on display in Vienna's Kunsthi storisches Museum and belongs to the Austrian Republic.
The alternate title of the picture reflects the belief of many art historians that it is an allegory of painting. It is the most intricate Vermeer piece ever created due to its composition and symbology. It is his largest piece of art after Christ in the House of Martha and Mary and The Procuress by Vermeer.
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