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For the year ended December 31, 2016. Fidelity engineering reported pretax accounting of income of $995,000. Selected information for 2016 from Fidelity record follows. Fidelity
For the year ended December 31, 2016. Fidelity engineering reported pretax accounting of income of $995,000. Selected information for 2016 from Fidelity record follows. Fidelity income tax rate is 40% January 1, 2016. Fedilitys record indicated balances of zero and $13,440 on its deffered tax liability accounts respectively. Determine that amount necessary to record income taxs for 2016 an prepare the appropriate journal entry. (if no entry required for the transaction/event select "No journal entry required" in the first account field. Amount should be deducted to be indicated with a minus sign. Enter your answer in thousands rounded to two decimal places(i.e. 1.230 should be entered as 1.23).) what is Fidelity 2016 not income? (Enter your answer in thousands and round your answer to? decimal places.)
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