If enacted tax rate is 34 for all periods and income taxes

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Wills and Turkvant Inc. have a deferred tax liability of $68,000 at the beginning of 2013. At the end of 2013, the company reports accounts receivable on the books at $90,000 and the tax basis at zero (the only temporary difference). If the enacted tax rate is 34% for all periods, and income taxes payable for the period is $230,000, determine the amount of total income tax expense to report for 2013

Reference no: EM13452668

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