Pretax accounting income for the year ended December 31, 2021, was $45 million for Truffles Company. Truffles' taxable income was $62 million. This was a result of differences between straight-line depreciation for financial reporting purposes and accelerated depreciation for tax purposes. The enacted tax rate is 20% for 2021 and 30% thereafter. What amount should Truffles report as the current portion of income tax expense for 2021
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Pretax accounting income for the year ended December 31, 2021, was $45 million for Truffles Company....
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