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Reporting the Provision for Income Taxes Smith & Sons Company presented the following information in...

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Accounting

Reporting the Provision for Income Taxes Smith & Sons Company presented the following information in the income tax footnote in its annual report:

Note 13. Income Taxes Provision for income taxes includes the following (in thousands)

End-of-year
Current payable
U.S $5,028
Foreign 438
Deferred
U.S 2,980
Foreign (174)
Total $8,272

How much tax expense did Smith & Sons report on its income statement for the year?

$Answer

thousand

How much of the reported income tax expense was paid currently and how much was deferred to a future period for payment?

Paid currently

Answer

 thousand
Deferred to a future period

Answer

 thousand

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