uestion $6$ of $10$

$\frac{0\mathrm{.}33}{1}$

Wildhorse Corporation has one temporary difference at the end of $2025$ that will reverse and cause taxable amounts of $$59,900$ in $2026,$$$64,800$ in $2027,$ and $$70,000$ in $2028.$ Wildhorse's pretax financial income for $2025$ is $$280,000,$ and the tax rate is $30\%$ for all years. There are no deferred taxes at the beginning of $2025.$

$($a$)$

$$ Your answer is correct.

Compute taxable income and income taxes payable for $2025.$

Taxable income

Income taxes payable

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List of Accounts

Attempts: $1$ of $3$ used

$($b$)$

Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for $2025.($List all debit entries before credit entries. 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 $0$ for the amounts.$).$

Account Titles and Explanation

Debit

Credit

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