Kensington had this info at the end of 2015, its first year of operations:Pretax book income $800.000Prepaid expense 300,000Excess of tax over book depreciation 200,000 Interest Income on municipal bonds 100.000No other permanent or temporary differences exist. The prepaid expense will be expensed in 2018; the depreciation will reverse evenly over the next three years. Tax rate is 30%. Future net income is probable. The 12/31/15 Income Tax Payable is:.a. $60,000.b. $240,000.c. $210,000.d. $180,000.e. $360,000.

D. $180,000

Explanation:

Calculation for the 12/31/15 Income Tax Payable

Using this formula

Income tax payable =(Pretax book income-Excess of tax over book depreciation)× Tax rate

Let plug in the formula

Income tax payable=($800,000-$200,000)×30%

Income tax payable=$600,000×30%

Income tax payable=$180,000

Therefore the 12/31/15 Income Tax Payable is $180,000

odd consecutive integers are odd integers that follow each other. they have a difference of 2 between every two numbers. if n is an odd integer, then n, n+2, n+4 and n+6 will be odd consecutive integers. the first number in the pattern is always the variable on its own or in this case, "n". examples.

answer( isp );