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all the shaded boxes are already correct Sheridan Inc. reports the following pretax income (loss) for both book and tax purposes. The tax rates listed
all the shaded boxes are already correct
Sheridan Inc. reports the following pretax income (loss) for both book and tax purposes. The tax rates listed were all enacted by the beginning of 2018 . Prepare the journal entries for years 2018-2021 to record income tax expense (benefit) and income taxes payable. and the tax effects of the loss carryforward, assuming that based on the weight of available evidence, it is more likely than not that one-hatf of the benefits of the loss carryforward will not be realized. (Credit account tities are outomoticolly indented when amount is entered Do not indent manuallv If no entrvis reaulred. select "No Entrv" for the account titles and enter O for the amounts Step by Step Solution
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