How do calculate the amount for a journal entry

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Reference no: EM132775604

Problem 1: The corporate income tax rate as a percentage of income before taxes is 10%. Corporate income tax installments during the year have been recorded as income tax expense in the records. Assume any 2019 loss before income taxes will result in the refund of income taxes at the current year's income tax rate. How do calculate the amount for a journal entry?

Reference no: EM132775604

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