Solution-What will included in presentation of Income Tax

What will included in presentation of Income Tax Expense

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Question - In its first year of operations, the Aaron Company's 12/31/18 adjusting tax journal entry includes an entry to Income Tax Expense of $100, a Deferred Tax Liability of $10, and Income Tax Payable of $90. What will be included in the presentation of Income Tax Expense on the 2018 Income Statement?

a. A $10 deferred credit.

b. A $10 deferred debit

c. A current portion of $100

d. A current portion of $10

Reference no: EM132617019

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What will included in presentation of Income Tax Expense

Reference no: EM132617019

Reference no: EM132617019

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