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Prepare the compound journal entry to record robert corps

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Reference no: EM132322198

Question

Roberts Corp reports pretax accounting income of $216,000 but due to a single temporary difference taxable income is only $158,000. At the beginning of the year no temporary differences existed. Roberts is subject to a tax rate of 40%

Prepare the compound journal entry to record Robert Corp's income taxes.

Reference no: EM132322198

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