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Grouper Corp's trial balance at December 31, 2023 is properly adjusted except for the income...

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Accounting

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Grouper Corp's trial balance at December 31, 2023 is properly adjusted except for the income tax expense adjustment. Other financial data for the year ended December 31, 2023 : - Included in accounts receivable is $360400 due from a customer and payable in quarterly instalments of $45050. The last payment is due December 29, 2025. - The balance in the future income tax liability account relates to a temporary difference that arose in a prior year, of which $15700 is classified as a current liability. - During the year, estimated tax payments of $330000 were charged to income tax expense. The current and future tax rate on all types of income is 35 percent. In Grouper's December 31, 2023 statement of financial position, the current assets total is $2977600. $2242150. $1604500. $2797400

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