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Question: exercise 19b10 the following facts relate to ayayal corporation 1...

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Exercise 19B-10 The following facts relate to Ayayal Corporation. 1. Deferred tax liablity, January 1, 2017, $61,800 2. Deferred tax asset, January 1, 2017, $20,600. 3. Taxable income for 2017, $108,150. ve temporary difference at December 31, 2017, giving rise to future taxable amounts, $236,900. December 31, 2017, glving rise to future deductible amounts, $97,850 5. 6, 7. Cumulative temporary difference at Tax rate for all years, 40%. No permanent differences exist. The company is expected to operate profitably in the future. Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2017. (Credit account titles are automatically in when amount is entered. Do not indent manually. If no entry is required, select No Entry for the account titles and enter 0 for the amounts.) MacBook Pro
select No Entry for the account titles and enter O for the amounts.) MacBook Pro 5
the I of the sign MacBook Pro
LINK TO TEXT LINK TO TEXT Compute the effective tax rate for 2017. (Round answer to 0 decimal places, e.g. 2596 The effective tax rate LINK TO TEXT LINK TO TEXT 20 MacBook Pro 18 名 F3 F4 FS
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