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Matthew co.

Matthew co. reported $350,000 in income before income tax for financial reporting book purposes in year 3 its first year of operation the tax depreciation exceeded its book depreciation by $30,000 the tax rate for year 3 and all future years is 40% if Matthew paid no estimated taxes waht amount of income taxes payable should be reported in its december 31, year 3 balance sheet?
a- 100,000
b- 120,000
c- 128,000
d- 140,000

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