Question
Belmont Company has the following information related to its 2021 income taxes: January 1, 2021: DTA = 40, DTL = 20; December 31, 2021: future
Belmont Company has the following information related to its 2021 income taxes: January 1, 2021: DTA = 40, DTL = 20; December 31, 2021: future taxable difference = 240, future deductible diff = 180; 2021 taxable income = 100. Tax rate for all years = 20%.
- Pretax financial income for Belmont for 2021 is ??????
- In 2021, Belmonts income tax journal entry includes the following:
Dr. or Cr.??? DTA by ???
Dr. or Cr.??? DTL by ???
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Ressourceneffizientes Wirtschaften
Authors: Heinz Karl Prammer
2nd Edition
3658046082, 9783658046088
