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Wildhorse Corporation has one temporary difference at the end of 2017 that will reverse and cause taxable amounts of $58,100 in 2018, $62,900 in 2019,
Wildhorse Corporation has one temporary difference at the end of 2017 that will reverse and cause taxable amounts of $58,100 in 2018, $62,900 in 2019, and $68,000 in 2020. Wildhorses pretax financial income for 2017 is $320,800, and the tax rate is 40% for all years. There are no deferred taxes at the beginning of 2017.
Prepare the income tax expense section of the income statement for 2017, beginning with the line "Incom Wlldhorse Corporaton Income Statement (PartialStep by Step Solution
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