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In 2017, Carla Corporation had pretax financial income of $176,000 and taxable income...

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Accounting

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In 2017, Carla Corporation had pretax financial income of $176,000 and taxable income of $123,000. The difference is due to the use of different depreciation methods for tax and accounting purposes. The effective tax rate is 30% Compute the amount to be reported as income taxes payable at December 31, 2017 Income taxes payable at December 31, 2017

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