10.Information for Kent Corp. for the year 2018: Reconciliation of pretax accounting income and taxable...
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10.Information for Kent Corp. for the year 2018: Reconciliation of pretax accounting income and taxable income: Pretax accounting income $ 178,700 Permanent differences (15,200 ) 163,500 Temporary difference-depreciation (12,500 ) Taxable income $ 151,000 Cumulative future taxable amounts all from depreciation temporary differences: As of December 31, 2017 $ 14,200 As of December 31, 2018 $ 26,700 The enacted tax rate was 25% for 2017 and thereafter. What should Kent report as the current portion of its income tax expense in the year 2018?
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