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The following facts relate to Blossom Corporation. Deferred tax liability, January 1 , 2 0 2 5 , $ 2 0 , 4 0 0
The following facts relate to Blossom Corporation.
Deferred tax liability, January $
Deferred tax asset, January $
Taxable income for $
Pretax financial income for $
Cumulative temporary difference at December giving rise to future taxable amounts, $
Cumulative temporary difference at December giving rise to future deductible amounts, $
Tax rate for all years,
The company is expected to operate profitably in the future.Prepare the income tax expense section of the income statement for beginning with the line "Income before income taxes." Enter negative amounts using either a negative sign preceding the number eg or parentheses eg
BLOSSOM CORPORATION Income Statement Partial
$
$
$
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