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Wildhorse Inc. reported the following accounting income ( loss ) and related tax rates during the years 2 0 1 8 to 2 0 2
Wildhorse Inc. reported the following accounting income loss and related tax rates during the years to :
Accounting income loss and taxable income loss were the same for all years since Wildhorse began business. The tax
rates from to were enacted in Assume Wildhorse follows ASPE for all parts of this question, except
when asked about the effect of reporting under IFRS in part b
a
Prepare the journal entries to record income taxes for the years to Assume that Wildhorse uses the
carryback provision where possible and expects to realize the benefits of any loss carryforward in the year that
immediately follows the loss year. List all debit entries before credit entries. Credit account titles are automaticalls
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