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The following facts celate to Whispering Corporation. 1 Deferred taxiloblity, Jaruary 1, 2020, 333,300 2. Deferred tax asset, January 1,2020,511,100 3. Taxableinceme for 2020,5116,530. 4.
The following facts celate to Whispering Corporation. 1 Deferred taxiloblity, Jaruary 1, 2020, 333,300 2. Deferred tax asset, January 1,2020,511,100 3. Taxableinceme for 2020,5116,530. 4. Cumulative tempociry difference at December 31,2020 , sivig rine to future tacoble amsunts, $255,300. 5. Ciamulat we temporary difference at Deceinber 31,2020 , givincrise to future decictible amounts, 3105,450 6. Texrate foe al vears, 20x. No permanent differences exist. 7. Theceirpary is expocted to operate prefitably in the future. Compute the amount of pretax financia income for 2020 . Pretax financlal income 5 account titles are automaticaliy indented when amount is entered, Do not indent menuelly. If no entry is repuired, seicat "No Fntry" for the account titles and enter ofor the amounts) Income Statement (Partia) eTertbook and Media Ust of Accounts Compute the eifective tak rate for 2020 (Round answer to O decimal places, es. 2530) The following facts celate to Whispering Corporation. 1 Deferred taxiloblity, Jaruary 1, 2020, 333,300 2. Deferred tax asset, January 1,2020,511,100 3. Taxableinceme for 2020,5116,530. 4. Cumulative tempociry difference at December 31,2020 , sivig rine to future tacoble amsunts, $255,300. 5. Ciamulat we temporary difference at Deceinber 31,2020 , givincrise to future decictible amounts, 3105,450 6. Texrate foe al vears, 20x. No permanent differences exist. 7. Theceirpary is expocted to operate prefitably in the future. Compute the amount of pretax financia income for 2020 . Pretax financlal income 5 account titles are automaticaliy indented when amount is entered, Do not indent menuelly. If no entry is repuired, seicat "No Fntry" for the account titles and enter ofor the amounts) Income Statement (Partia) eTertbook and Media Ust of Accounts Compute the eifective tak rate for 2020 (Round answer to O decimal places, es. 2530)
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