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A ntities and Explanation Income Tax Expense Deferred Tax Income Tax Payable
countries and Explanation Income Tax Expense Deferred Tax Uability Prepare the income tax expense section of incomeant for 20
Exercise 19-3 Pronghorn Corporation began 2017 with a 395,000 balance in the Deferred Tax Laby count. At the end of 2017, the
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$440,000 a) Taxable income for 2017 Applicable income tax rate for 2017 Income Taxes payable for 2017 40% $176,000 [$440000 x

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