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not that all of the carryforward tax benefits are fully realizable. The following information is taken from the company's financial records for the first 4
not that all of the carryforward tax benefits are fully realizable. The following information is taken from the company's financial records for the first 4 years of its operations: (Click the icon to view the information.) Read the requirements. select "No Entry Required" on the first line of the Account column and leave all other cells blank.) Begin by preparing the journal entry to record the tax provision for Year 3. Requirements a. Prepare the journal entries needed to record the tax provision for Years 3 and 4. b. Prepare partial income statements for all 4 years. c. What is the balance of the deferred tax account at the end of Year 3
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