{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-06T13:11:22-04:00", "answer_date": "2024-06-06 13:11:22", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "2367047", "url": "\/study-help\/questions\/the-pretax-financial-income-or-loss-figures-for-metlock-company-2367047", "question_creation_date_js": "2024-06-06T13:11:22-04:00", "question_creation_date": "Jun 06, 2024 01:11 PM", "meta_title": "[Solved] The pretax financial income (or loss) fig | SolutionInn", "meta_description": "Answer of - The pretax financial income (or loss) figures for Metlock Company are as follows. 2017 77,000 2018 (38,000) 2019 (33,0 | SolutionInn", "meta_keywords": "pretax,financial,income,loss,figures,metlock,company,2017,77,000,2018,38,000,2019", "question_title_h1": "The pretax financial income (or loss) figures for Metlock Company are as follows. 2017 77,000 2018 (38,000) 2019 (33,000) 2020 122,000 2021 90,000 Pretax financial", "question_title": "The pretax financial income (or loss) figures for Metlock Company are as", "question_title_for_js_snippet": "The pretax financial income (or loss) figures for Metlock Company are as follows 2017 77,000 2018 (38,000) 2019 (33,000) 2020 122,000 2021 90,000 Pretax financial income (or loss) and taxable income (loss) were the same for all years involved Assume a 25 tax rate for 2017 and a 20 tax rate for the remaining years Prepare the journal entries for the years 2017 to 2021 to record income tax expense and the effects of the net operating loss carryforwards All income and losses relate to normal operations (In recording the benefits of a loss carryforward, assume that no valuation account is deemed necessary ) (Credit account titles are automatically indented when amount is entered Do not indent manually If no entry is required, select No Entry for the account titles and enter O for the amounts ) Account Titles and Explanation Debit Credit 2017 2018 2019 2020 2021", "question_description": "\"image\"image The pretax financial income (or loss) figures for Metlock Company are as follows. 2017 77,000 2018 (38,000) 2019 (33,000) 2020 122,000 2021 90,000 Pretax financial income (or loss) and taxable income (loss) were the same for all years involved. Assume a 25% tax rate for 2017 and a 20% tax rate for the remaining years. Prepare the journal entries for the years 2017 to 2021 to record income tax expense and the effects of the net operating loss carryforwards. All income and losses relate to normal operations. (In recording the benefits of a loss carryforward, assume that no valuation account is deemed necessary.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select \"No Entry\" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit 2017 2018 2019 2020 2021", "transcribed_text": "", "related_book": { "title": "Algebra and Trigonometry", "isbn": "9781337514255, 1337271179, 133751425X, 978-1337271172", "edition": "10th edition ", "authors": "Ron Larson", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/1383.jpg", "uri": "\/textbooks\/algebra-and-trigonometry-10th-edition-1383", "see_more_uri": "" }, "free_related_book": { "isbn": "195152702X", "uri": "\/textbooks\/the-relevance-of-humanities-to-the-21st-century-workplace-1st-edition-978-1951527020-347698", "name": "The Relevance Of Humanities To The 21st Century Workplace", "edition": "1st Edition" }, "question_posted": "2024-06-06 13:11:22", "see_more_questions_link": "\/study-help\/questions\/business-management-leadership-2023-June-05", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/how-would-you-describe-the-size-distribution-of-american-banks", "description": "How would you describe the size distribution of American banks and the concentration of industry assets inside the United States? 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