Taxes payable-income tax expense

Reference no: EM131044838

In early 2009 Sanborn Company must pay the tax authority €37,000 on the income it earned in 2008. Th is amount was recorded on the company's 31 December 2008 financial statements as:

A. taxes payable.
B. income tax expense.
C. a deferred tax liability.

Reference no: EM131044838

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