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Evergreen Company's reconciliation between pretax GAAP income and taxable income follows for the year. Pretax GAAP income Depreciation adjustment Permanent difference Taxable income $240,000
Evergreen Company's reconciliation between pretax GAAP income and taxable income follows for the year. Pretax GAAP income Depreciation adjustment Permanent difference Taxable income $240,000 (48,000) 1,500 $193,500
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To record the income tax journal entry for the year we need to calculate the income tax expense and ...
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
