In 2020, Indigo Corporation had pretax financial income of $175,000 and taxable income of $130,000. The difference is due to the

Question

3 years ago

5

In 2020, Indigo Corporation had pretax financial income of $175,000 and taxable income of $130,000. The difference is due to the

use of different depreciation methods for tax and accounting purposes. The effective tax rate is 20%. Compute the amount to be reported as income taxes payable at December 31, 2020.

Business

1 answer:

Rom4ik [11] · Answer 1 · 2022-08-30T04:10:47+03:00

Rom4ik [11]3 years ago

7 0

What’s the question