Solution-What was centipedes income tax payable currently

What was centipedes income tax payable currently

Reference no: EM13848848

For the current year (S in millions), Centipede Corp. had $80 in pretax accounting income. This included bad debt expense of S6 based on the allowance method, and S20 in depreciation expense. Two million in receivables were written off as uncollectible, and MACRS depreciation amounted to S35. In the absence of other temporary or permanent differences, what was Centipede's income tax payable currently, assuming a tax rate of 40%?

Reference no: EM13848848

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What was centipedes income tax payable currently : In the absence of other temporary or permanent differences, what was Centipede's income tax payable currently, assuming a tax rate of 40%?

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What was centipedes income tax payable currently

Reference no: EM13848848

Reference no: EM13848848

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