Refer to Sonic Speaker Company.What is the journal entry to record the current year's tax provision and the liability for the uncertain tax provision?

Question

Quizplus · Accepted Answer

The journal entry to record the current year's tax provision and the liability for the uncertain tax provision is recorded as follows:
Dr. Income Tax Expense (current year tax provision) 
Cr. Income Tax Payable (current year tax liability)
Cr. Uncertain Tax Liability (liability for uncertain tax provision)
Option B is the only one that includes both the current year tax provision and the liability for uncertain tax provision in the journal entry.