The Amount of Income Taxes ________

The amount of income taxes ________.

A) required by the federal government for a corporation is calculated on a Form 1120
B) paid by the corporation,when it files the Form 1120,is recorded as a debit to the Income Tax Expense account and a credit to the Cash account
C) the corporation owes,but has not yet paid,is recorded as a debit to the Income Tax Payable account
D) the corporation owes,but has not yet paid,is reported as a long-term liability on the balance sheet