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In its 2015 Annual Report to Shareholders,Kinney Inc.reported the following Consolidated Statement of Cash Flows:
For the years ended December 31,
Use the following to answer questions In its 2015 Annual Report to Shareholders,Kinney Inc.reported the following Consolidated Statement of Cash Flows: For the years ended December 31, -Assuming the decrease in accrued expenses during fiscal year 2015 included a $20,000 reduction due to taxes,compute the income tax expense for Kinney in that year. Use the following to answer questions In its 2015 Annual Report to Shareholders,Kinney Inc.reported the following Consolidated Statement of Cash Flows: For the years ended December 31, -Assuming the decrease in accrued expenses during fiscal year 2015 included a $20,000 reduction due to taxes,compute the income tax expense for Kinney in that year.
-Assuming the decrease in accrued expenses during fiscal year 2015 included a $20,000 reduction due to taxes,compute the income tax expense for Kinney in that year.

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The reduction in accrued taxes is actual...

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