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5. Use the following table to prepare the necessary journal entries for income tax expense, taxable pavable, and deferred income taxes payable. income Pre-tax 2019
5. Use the following table to prepare the necessary journal entries for income tax expense, taxable pavable, and deferred income taxes payable. income Pre-tax 2019 200 2020 2021 total 200 200 600 St. line depreciation 40 40 95 25 40 120 Tax 120 depreciation Temporary (80) 40 10 40 10 0 difference Taxable 120 240 240 600 income TAX RATE 125 25 25 Journal entries here. 2019 2020 2021
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Dk Essential Managers Understanding Accounts
Authors: Stephen Brookson, Adele Hayward
1st Edition
0789471493, 978-0789471499
