单项选择题 At the end of year 1, GG company’s disclosed earning before tax was $200,000 and the respective taxable income amounts to $150,000. The difference occurred as a result of the allowance for bad debt, which is not deductible for tax purpose. Assume GG`s current tax rate is 25% and the newly enacted tax rate will be 30%. Regarding the income statement for the first year, what amount of current tax payable should be reported?

单项选择题 Which of the following may cause overestimation of profit?

单项选择题 Which of the following statement is most likely incorrect?