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Question 4 Pharoah Indonly temporary difference at the beginning and end of 2016 is caused 540,000 ferred for an instant sale of a plant ,
Question 4 Pharoah Indonly temporary difference at the beginning and end of 2016 is caused 540,000 ferred for an instant sale of a plant , and the related rec d ada current ) is een m in 2017 and 2018. Ther e ferred taxablity at the beginning of Bevar $1.415.000. te the theater of 2015, and is scheduled to become effective for 2018. T i ncome for 2016 $5.000.000 o n te of o ch Determine the mount reported as a deferred tax at the end of 2016 Derred to LINK TO TENTO TEXT TO TEN TO Prere the many c ry to adjust the y try is required red tatay when the the state of m Draft the income tax expense portion of the income statement for 2016. Begin with the line "Income before income taxes. Assume no permanent differences exist. (Enterlossing the number eg.-5 or parentheses . (45)) Pharoah Inc.'s Income Statement (Partial)
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