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Please, only answer when you are 1 0 0 % sure that your answer is correct! I ' m stressed with all the wrong answers,
Please, only answer when you are sure that your answer is correct! Im stressed with all the wrong answers, I will report you to chegg and leave a thumb down! And answer ALL THE QUESTION QUESTION C IS NOT IN THE PHOTO BUT IS PROVIDED IN TEXT BELOW
Nalad Corp. provided the following data related to accounting and taxable income:
CHECK THE PHOTO PROVIDED FOR DATA
Requlred:
a How much tax expense would be reported in each year if the taxes payable method was used for the year XX
b What is the implied tax rate for the year XXRound your answers to declmal place.
a How much tax expense would be reported using comprehensive tax allocation liability method for the year XX
b How much deferred income tax would be reported using comprehensive tax allocation liability methodfor the year XX
c Why is the two year total tax expense is the same under both tax payable method and liability method?
Choose one or few answers below:
Temporary difference between accounting and taxable income has reversed over twoyear time frame.
Temporary difference between accounting and taxable income has not reversed over twoyear time frame.
Permanant difference between accounting and taxable income has reversed over twoyear time frame.
Permanant difference between accounting and taxable income has not reversed over twoyear time frame.
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