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Current Attempt in Progress Sandhill Inc reports the following pretax income (loss) for both financial reporting purposes and tax purposes The tax rates listed were
Current Attempt in Progress Sandhill Inc reports the following pretax income (loss) for both financial reporting purposes and tax purposes The tax rates listed were all enacted by the beginning of 2023 (a) Prepare the journal entries for the years 2023-2026 to record income tax expense (benefit) and income taxes payable (refundabie) and the tax effects of the loss carryforward, assuming that at the end of 2025 the benefits of the loss carryfonward are judged more likely than not to be realized in the future, (Wist all debit entries before otedi entries. Credit account biskes are automatically indentod when amount is entered Do not indent manualy, df no entry is requlred, select "No Entry" for the account titles and enter 0 for the amounts Record joumal entries in the order presented in the
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