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What entry for income taxes should be recorded for years: 2021, 2022, 2023, 2024, 2025, 2026? Pina Corporation has pretax financial income (or loss) equal

What entry for income taxes should be recorded for years: 2021, 2022, 2023, 2024, 2025, 2026?

image text in transcribed Pina Corporation has pretax financial income (or loss) equal to taxable income (or loss) from 2020 through 2026 as follows. Pretax financial income (loss) and taxable income (loss) were the same for all years since Pina has been in business. Tax rates were not enacted until the year of change. In recording the benefits of a loss carryforward, assume that it is more likely than not that the related benefits will be realized. Pina Corporation has pretax financial income (or loss) equal to taxable income (or loss) from 2020 through 2026 as follows. Pretax financial income (loss) and taxable income (loss) were the same for all years since Pina has been in business. Tax rates were not enacted until the year of change. In recording the benefits of a loss carryforward, assume that it is more likely than not that the related benefits will be realized

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