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Tamar Precast, a Zebulon -based producer of steam-cured architectural quoins, reports the following for its fye 12/31/18 (all amounts in 000), which had Taxable Income
Tamar Precast, a Zebulon -based producer of steam-cured architectural quoins, reports the following for its fye 12/31/18 (all amounts in 000), which had Taxable Income of $900,000. a) Tax payable relating to 2018 was $270. b) The only book-tax differences were $26 of traffic fines, $40 of warranty accruals and an excess of tax-over-book depreciation of $120. c) The enacted tax rate for 2019 was 32%. Required: Provide the 2018 income statement from PTNI through to NI.
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