Use the Following Information for Questions 79 and 80

question 54

Multiple Choice

Use the following information for questions 79 and 80.
Rowen, Inc. had pre-tax accounting income of $1,800,000 and a tax rate of 40% in 2015, its first year of operations. During 2015 the company had the following transactions:
-For 2015, what is the amount of income taxes payable for Rowen, Inc?

• A) $603,200
• B) $654,400
• C) $686,400
• D) $772,800

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Definitions:

Inventory Worksheet

A document or spreadsheet used in business to track items in stock, detailing quantity, location, and status of products or assets.

Product Names

The unique identifiers or titles given to goods or services offered by companies to distinguish them in the market.

Row A

The first row in a spreadsheet or table, often used for headers or titles.

Column Heading

The title or label of a column in a table or spreadsheet, indicating the nature of the data it contains.