Kahan Enterprises had gross profit on an installment sale of $600,000 at December 31,20x1, the...
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Kahan Enterprises had gross profit on an installment sale of $ at December the end of its first period of operations. It will collect twothirds of the amount in and the last third in Kahan reported pretax financial income of $ on X Its tax rate is The journal entry to accrue Kahan's income tax expense for will include a credit to Income Tax Payable for $ a credit to Deferred Tax Liability for $ a debit to Deferred Tax Liability for $ a debit to Income Tax Expense for $ 
Kahan Enterprises had gross profit on an installment sale of $ at December the end of its first period of operations. It will collect twothirds of the amount in and the last third in Kahan reported pretax financial income of $ on X Its tax rate is The journal entry to accrue Kahan's income tax expense for will include
a credit to Income Tax Payable for $
a credit to Deferred Tax Liability for $
a debit to Deferred Tax Liability for $
a debit to Income Tax Expense for $
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