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Blue Spruce Inc. reports the following pre-tax incomes (losses) for both financial reporting purposes and tax purposes: Accounting Income Year (Loss) Tax Rate 2018
Blue Spruce Inc. reports the following pre-tax incomes (losses) for both financial reporting purposes and tax purposes: Accounting Income Year (Loss) Tax Rate 2018 2019 2020 $130,000 25% 96,000 25% (305,000) 30% 2021 229,000 30% The tax rates listed were all enacted by the beginning of 2018. Blue Spruce reports under the ASPE future/deferred income taxes method.
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Horngrens Accounting
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
10th edition
133117413, 978-0133129519, 133129519, 978-0133129557, 133129551, 978-0133117561, 133117561, 978-0133117417
