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need help please? The pretax financial income (or loss) figures for Splish Brothers Company are as follows. Pretax financial income (or loss) and taxable income
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The pretax financial income (or loss) figures for Splish Brothers Company are as follows. Pretax financial income (or loss) and taxable income (loss) were the same for all years involved. Assume a 20% tax rate for all yea Prepare the journal entries for the years 2022 to 2026 to record income tax expense and the effects of the net operating loss carryforwards. All income and losses relate to normal operations. (In recording the benefits of a loss carryforward, assume that n valuation account is deemed necessary.) (List all debit entries before credit entries. Credit occount tities ore outomotically indented whe amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter O for the omounts. Reco journal entries in the order presented in the problem.) Account Titles and Explanation Debit Credit 2022 2023 2024 2025 2026 Step by Step Solution
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