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The accounting records of Wildhorse Inc. show the following data for 2 0 2 5 : Life insurance expense on officers was $ 7 ,
The accounting records of Wildhorse Inc. show the following data for : Life insurance expense on officers was $ Equipment was acquired in early January for $ Straightline depreciation over a year life is used, with no salvage value. For tax purposes, Wildhorse used a rate to calculate depreciation. Interest revenue on municipal bonds totaled $ Product warranties were estimated to be $ in Actual repair and labor costs related to the warranties in were $ The remainder is estimated to be paid evenly in and Sales on an accrual basis were $ For tax purposes, $ was recorded on the installmentsales method. Fines incurred for securities violations were $ Pretax financial income was $ The tax rate is a Your answer is partially correct. Prepare a schedule starting with pretax financial income in and ending with taxable income in Enter negative amounts using either a negative sign preceding the number eg or parentheses eg Schedule of Pretax Financial Income and Taxable Income for Pretax financial income $ Permanent differences Insurance Expense Bond Interest Revenue Securities Violation Fines Temporary differences Depreciation Expense Installment Sales Warranty Expense Taxable income
The accounting records of Wildhorse Inc. show the following data for :
Life insurance expense on officers was $
Equipment was acquired in early January for $ Straightline depreciation over a year life is used, with no salvage
value. For tax purposes, Wildhorse used a rate to calculate depreciation.
Interest revenue on municipal bonds totaled $
Product warranties were estimated to be $ in Actual repair and labor costs related to the warranties in
were $ The remainder is estimated to be paid evenly in and
Sales on an accrual basis were $ For tax purposes, $ was recorded on the installmentsales method.
Fines incurred for securities violations were $
Pretax financial income was $ The tax rate is
a
Your answer is partially correct.
Prepare a schedule starting with pretax financial income in and ending with taxable income in Enter negative amounts
using either a negative sign preceding the number eg or parentheses eg
Schedule of Pretax Financial Income
and Taxable Income for
Pretax financial income
$
Permanent differences
Insurance Expense
Bond Interest Revenue
Securities Violation Fines
Temporary differences
Depreciation Expense
Installment Sales
Warranty Expense
Taxable income
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