Assuming the decrease in accrued expenses during fiscal year 2008 included a $20,000 reduction due to taxes, compute the income tax expense for Kinney in that year.

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The Answer of Assuming the decrease in accrued expenses during fiscal year 2008 included a $20,000 reduction due to taxes, compute the income tax expense for Kinney in that year.

Assuming the Decrease in Accrued Expenses During Fiscal Year 2008