If the Corporation's Income Tax Computed at the End of the Year

question 67

Multiple Choice

If the corporation's income tax computed at the end of the year is less than the total of quarterly deposits,the necessary adjustment will result in a

• A) debit to Income Tax Expense.
• B) credit to Income Tax Payable.
• C) debit to Income Tax Refund Receivable.
• D) credit to Income Tax Refund Receivable.

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