What Is the Correct Journal Entry to Adjust for the Income

question 71

Short Answer

What is the correct journal entry to adjust for the income tax expense?
a. Petained Earnings
$\quad$$\quad$$\quad$ Income tax payable

b. Income tax expense
$\quad$$\quad$ Retained Earnings

c. Operating expense
$\quad$$\quad$ Income tax payable

d. Income tax expense
$\quad$$\quad$ Income tax payable

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Definitions:

Privacy

The state or condition of being free from unauthorized intrusion into one’s personal information or affairs.

Activities

Tasks, events, or actions undertaken by individuals, often for enjoyment, relaxation, or achieving specific goals.

Hartshorne and May

Researchers known for their studies in the field of moral development, particularly for their work in the 1920s on honesty in children.

Research

The systematic investigation into and study of materials, sources, etc., in order to establish facts and reach new conclusions.