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  3. a company makes the following journal entry for 20

A company makes the following journal entry for 2021: Dr. Income Tax Expense xxxx Dr....

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Accounting

A company makes the following journal entry for 2021:

Dr. Income Tax Expense xxxx

Dr. Deferred Tax Asset 60,000

Cr. Deferred Tax Liability 13,000

Cr. Income Tax Payable 611,000

On the income statement, the current portion of income tax expense for 2021 appears as: _______________.

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