Foxey flowers had income before income tax of 85000 and

Reference no: EM13585438

Foxey Flowers had income before income tax of $85,000 and taxable income of $75,000 for 2010, the companys first year of operations. The income tax rate is 35%. Requirements

R1. Make the entry to record Foxes income taxes for 2010.

R2. Show what Foxey Flowers will report on its 2010 income statement, starting with income before income tax.

Reference no: EM13585438

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