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Only need last answer. The following information relates to Riverbed Inc.: At July 1, 2019 At June 30, 2020 Temporary difference, giving rise to future

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Only need last answer.

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The following information relates to Riverbed Inc.: At July 1, 2019 At June 30, 2020 Temporary difference, giving rise to future taxable amounts $89,000 $160,000 Temporary difference, giving rise to future deductible amounts 29,000 86,000 Accounting income for the year ended June 30, 2020 was $133,000. No permanent differences existed during the fiscal year. The company was expected to operate profitably in the future. The tax rate was 15% for the current and future years. Riverbed Inc. follows IFRS.(a) Your Answer Correct Answer Your answer is correct. Calculate the amount of taxable income for 2020. Taxable income, 2020 119,000 eTextbook and Media List of AccountsV Your answer is correct. Prepare the journal entries to record income taxes for 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.). Account Titles and Explanation Debit Credit Current Tax Expense 17.850 Income Tax Payable 17.850 (To record current tax expense.) Deferred Tax Expense 2.100 Deferred Tax Liability 2.100 (To record deferred tax expense.)X Your answer is incorrect. Calculate the effective rate for 2020. Effective rate, 2020 16.76 %

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