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Brent Inc. reported a loss of $600,000 in 2022. The company reported taxable income of $117,000 in 2020 and $233,000 in 2021. It has no
Brent Inc. reported a loss of $600,000 in 2022. The company reported taxable income of $117,000 in 2020 and $233,000 in 2021. It has no permanent or temporary differences, and its tax rate is 34%. What is the necessary journal entry for 2022? Brent reported taxable income of $251,000 in 2023. What is the necessary journal entry for 2023? What is the necessary journal entry for 2022? (Record debits first, then credits Exclude explanations from any journal entries.) Account December 31, 2022 What is the necessary journal entry for 2023? Account December 31, 2023 Next mis question: Brent Inc. reported a loss of $600,000 in 2022. The company reported taxable income of $117,000 in 2020 and $233,000 in 2021. It has no permune to temporary differe journal entry for 2022? Brent reported taxable income of $251,000 in 2023 What is the necessary journal entry for 2023? What is the necessary journal entry for 2022? (Record debits first, then credits Exclude explanations from any journal entries) Account December 31, 2022 What is the necessary journal entry for 2023? Account December 31, 2023
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