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please answer questions from 23 to 28 Edit 23) Income before taxes or taxable income can be used to compute Income tax payable. (answer True

please answer questions from 23 to 28 image text in transcribed
Edit 23) Income before taxes or taxable income can be used to compute Income tax payable. (answer True or False) 24) Future taxable amounts are temporary differences that result in deferred tax liabilities. (answer True or False) 3 25) Deferred tax assets are the result of temporary differences that result in future deductible amounts. (angwer True or False) 26) Interest from tax exempt municipal bonds cause financial accounting income to be greater than taxable income. (answer True or False) 27) Rent collected in advance is an example of a temporary difference which will give rise to a deferred tax amet. (answer True or False) 28) York Company reported the following results for the year ended December 31, 2021, its first year of operations 2021 Income (per books before income taxes)$ 1,800,000 Taxable income 3,400,000 The disparity between book Income and taxable income is attributable to a temporary difference which will reverse in 2022. What should York record as a met deferred taxe or liability for the year ended December 31, 2001, auming that the enacted tax rates effect are 30% in 2001 and 20% in 20227 29) Blue Sky Corporation prepared the followings MacBook Pro SC Bo ODO GOOF 7 @

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