Multiple Choice
Mechatronic Bogie Ltd., whose income tax rate is 35%, has taxable income of $482,000 and pretax accounting income of $566,000. The entry to record the income tax includes a:
A) credit to Income Tax Expense for $198,100
B) credit to Income Tax Payable for $168,700
C) credit to Income Tax Payable for $198,100
D) debit to Income Tax Payable for $168,700
Correct Answer:
Verified
Correct Answer:
Verified
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