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Williamson's first 3 years of operation: (Click the icon to view the data.) before tax and taxable income.) Read the requirements. journal entries.) Begin with
Williamson's first 3 years of operation: (Click the icon to view the data.) before tax and taxable income.) Read the requirements. journal entries.) Begin with the journal entry required to record the tax provision for Year 1. Data table Requirements a. Prepare the journal entries required to record the tax provision for all 3 years, as well as the journal entry needed to record the effect of the tax rate change on any deferred tax accounts. b. Determine the net income reported on the income statement for all 3 years. c. Prepare the footnote, in dollars and percentages, required to reconcile the company's federal statutory income tax rate with its effective tax rate
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