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What is income tax expense on company income statement

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Reference no: EM132967049

Problem 1: A company's 2010 income tax return reported a $80,000 income tax payable. During 2010, the deferred income tax liability account increased $15,000. What is the income tax expense on the company's 2010 income statement?

A) 15000

B) 65000

C) 80000

D) 95000

Reference no: EM132967049

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