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Voldomort's pretax ACCOUNTING income for 2025 income statement was $830,000. Of this amount, $40,000 is non-taxable revenue from municipal bonds. There were no differences between
Voldomort's pretax ACCOUNTING income for 2025 income statement was $830,000. Of this amount, $40,000 is non-taxable revenue from municipal bonds. There were no differences between accounting income and taxable income other than those described above and there were no timing (temporary) differences at the beginning of 2025. REQUIRED: 1) Prepare the appropriate journal entries to record Voldomort's 2025 income taxes
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