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can i get help with this question please Exercise 19-3 Kingbird Corporation began 2017 with a $99,700 balance in the Deferred Tax Liability account. At
can i get help with this question please
Exercise 19-3 Kingbird Corporation began 2017 with a $99,700 balance in the Deferred Tax Liability account. At the end of 2017, the related cumulative temporary difference amounts to $324,700, and it will reverse evenly over the next 2 years. Pretax accounting income for 2017 is $501,800, the tax rate for all years is 40%, and taxable income for 2017 is $426,350. Compute income taxes payable for 2017. Income taxes payable s LINK TO TEXT LINK TO TEXT CALCULATOR FULL SCREEN PRNTE R VERSION 4BACK NEXT mewerk Prepare the journal entry to record incorne tax expense, deferred income taxes, and income taxes payable for 2017. (Credit account titles are titles and enter 0 for the amounts.) Account Titles and Explanation ore sults by Study automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account Debit Credit LINK TO TEXT LINK TO TEXT Prepare the income tax expense section of the income statement for 2017 beginning with the line "Income before income taxes using either a negative sign preceding the number e.o. 45 or parentheses e.g. (45).) Kingbird Corporation Income Statement (Partial) Step by Step Solution
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