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    Principles of Accounting
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    Exam 14: The Corporate Income Statement and the Statement of Stockholders Equity
  5. Question
    If the Amount of Income Taxes Expense Exceeds the Amount
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If the Amount of Income Taxes Expense Exceeds the Amount

Question 83

Question 83

True/False

If the amount of income taxes expense exceeds the amount of actual income taxes payable for a year, the difference is recorded by a debit to a balance sheet account called Deferred Income Taxes.

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