The Snes Compty teports 2023 Pretar Net Income of $10.000. The following items at Promums Pard for Key Officer Life Insurance Accrued Revenues Uneamed Revenue $200 $ 80 $ 50 The tax rate 20% Indicate the amounts for 2023 Income Tax Expense and 12/31/23 Income Tax Payable, respectively Select OS2010, 2014 O b 51.960, $1.914 O 51.950 SL986 O d. 5201 5196 52034, 52034 Kensington had this into at the end of 2023. first year of operations Pretax book income Prepaid expense Excess of tax over book depreciation Promiums on executive Me insurance $ 800,000 300,000 200,000 100,000 No other permanent or temporary differences exist. The prepad expense will be expened w2026 the depreciation will revecse evenly over the next three years. The rate 30%. Future net income probable The 12/31/23 Income Tax Payable Select ante 550.000 O 5240000 $120.000 Od 180.000 1360.000 Clear my choice Which of the following an example of revenue or gain that is never table en though it is recognized in financial income! Select one Municipal Bond Loterest Uneamed Rental Revenue Accelerated Deprecation for tax purposes Oid, life insurance premiums on by executives Os Bad Debit Expense recognized using the allowance method In its 2024ncome statement. Tow Inc reported proceeds from another's fe insurance policy of 590.000 and depreciation of $250.000 Tow was the owner and beneficiary of the entrance on offit. Tew deducted depreciation of 5370.000 in its 2024 income tax return when the tax rate was 30%. Data related to the reveral of the excess tax deduction for depreciation follow Year 2025 2026 2027 2028 Rawwal of excess tax deduction $10,000 20,000 40,000 50,000 Enacted tax rates 35% 39 25% 25% Then the temporary differences Tow expects to report profits rather than ones) for tax purposes for a future want to its December 3 2024 balance sheet what amount should low report as a detected income tax liability Select one 3.536.000 539.000 $63.000 $66.000 O. 535.000 The Snes Compty teports 2023 Pretar Net Income of $10.000. The following items at Promums Pard for Key Officer Life Insurance Accrued Revenues Uneamed Revenue $200 $ 80 $ 50 The tax rate 20% Indicate the amounts for 2023 Income Tax Expense and 12/31/23 Income Tax Payable, respectively Select OS2010, 2014 O b 51.960, $1.914 O 51.950 SL986 O d. 5201 5196 52034, 52034 Kensington had this into at the end of 2023. first year of operations Pretax book income Prepaid expense Excess of tax over book depreciation Promiums on executive Me insurance $ 800,000 300,000 200,000 100,000 No other permanent or temporary differences exist. The prepad expense will be expened w2026 the depreciation will revecse evenly over the next three years. The rate 30%. Future net income probable The 12/31/23 Income Tax Payable Select ante 550.000 O 5240000 $120.000 Od 180.000 1360.000 Clear my choice Which of the following an example of revenue or gain that is never table en though it is recognized in financial income! Select one Municipal Bond Loterest Uneamed Rental Revenue Accelerated Deprecation for tax purposes Oid, life insurance premiums on by executives Os Bad Debit Expense recognized using the allowance method In its 2024ncome statement. Tow Inc reported proceeds from another's fe insurance policy of 590.000 and depreciation of $250.000 Tow was the owner and beneficiary of the entrance on offit. Tew deducted depreciation of 5370.000 in its 2024 income tax return when the tax rate was 30%. Data related to the reveral of the excess tax deduction for depreciation follow Year 2025 2026 2027 2028 Rawwal of excess tax deduction $10,000 20,000 40,000 50,000 Enacted tax rates 35% 39 25% 25% Then the temporary differences Tow expects to report profits rather than ones) for tax purposes for a future want to its December 3 2024 balance sheet what amount should low report as a detected income tax liability Select one 3.536.000 539.000 $63.000 $66.000 O. 535.000
