Question
Ferguson Company has the following cumulative taxable temporary differences: 12/31/19 :$3,600,000 12/31/18: $2,560,000 The tax rate enacted for 2019 is 40%, while the tax rate
Ferguson Company has the following cumulative taxable temporary differences:
12/31/19 :$3,600,000
12/31/18: $2,560,000
The tax rate enacted for 2019 is 40%, while the tax rate enacted for future years is 30%. Taxable income for 2019 is $6,400,000 and there are no permanent differences. Ferguson's pretax financial income for 2019 is
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QuickBooks And Accounting A Complete And Comprehensive Guide To Bookkeeping And Accounting For Beginners
Authors: John Kent
1st Edition
1951345584, 978-1951345587
