Aziz Corporation has taxable income of $525,000 and pretax accounting income of $495,000. The company's income tax rate is 35%. The company's income tax rate is 35%. The entry to record the income tax includes a:
A) credit to Income Tax Payable for $183,750.
B) credit to Income Tax Payable for $173,250.
C) debit to Income Tax Payable for $173,250.
D) debit to Income Tax Expense for $183,750.
Correct Answer:
Verified
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