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Wildhorse Company has the following two temporary differences between its income tax expense and income taxes payable. The income tax rate for all years is

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Wildhorse Company has the following two temporary differences between its income tax expense and income taxes payable. The income tax rate for all years is 20%. Account Titles and Explanation \begin{tabular}{l} Debit \\ \hline 2025 \\ \hline 175200 \\ \hline 4180 \\ \hline \end{tabular} Credit Deferred Tax Asset Income Tax Expense. Deferred Tax Liability Income Tax Payable 5700 2026 Deferred Tax Asset 181600 Income Tax Expense Deferred Tax Liability Income Tax Payable 2027 Deferred Tax Asset Income Tax Expense 180900 Deferred Tax Liability. income Tax Payable 1600 \begin{tabular}{|r|} \hline 180400 \\ \hline 2000 \\ \hline \end{tabular}

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