Cathy Company reported the following summary amounts for its second year ended December 31, 20B:
Income tax rate, 40%
Give the entry to record income tax for 20B.

Question

Cathy Company reported the following summary amounts for its second year ended December 31, 20B:
  Income tax rate, 40%
Give the entry to record income tax for 20B.

Quizplus · Accepted Answer

The Answer of Cathy Company reported the following summary amounts for its second year ended December 31, 20B:
  Income tax rate, 40%
Give the entry to record income tax for 20B.

Cathy Company Reported the Following Summary Amounts for Its Second