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Blossom Corporation reports the following amounts in its first three years of operations. The difference between taxable income and accounting income is due to one
Blossom Corporation reports the following amounts in its first three years of operations. The difference between taxable income and accounting income is due to one reversing difference. The tax rate is 30% for all years an the company expects to continue with profitable operations in the future. Prepare the journal entries at the end of all three years to record current and deferred taxes. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select
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