|
Title: Violet Corporation reported a loss in 2015 of $700,000. The company reported taxable income of ... Post by: Miche on Jul 23, 2018 Violet Corporation reported a loss in 2015 of $700,000. The company reported taxable income of $280,000 in 2013 and $205,000 in 2014. It has no permanent or temporary differences and its tax rate is 40%.
Refer to Violet Corporation. What is the necessary journal entry for 2015? A) Income Tax Refund Receivable280,000 Income Tax Payable194,000 Deferred Tax Asset86,000 B) Income Tax Refund Receivable194,000 Deferred Tax Asset86,000 Income Tax Benefit280,000 C) Income Tax Refund Receivable194,000 Deferred Tax Asset194,000 D) Deferred Tax Asset280,000 Income Tax Benefit280,000 Title: Violet Corporation reported a loss in 2015 of $700,000. The company reported taxable income of ... Post by: kiara23247843 on Jul 23, 2018 Content hidden
Title: Violet Corporation reported a loss in 2015 of $700,000. The company reported taxable income of ... Post by: Miche on Jul 23, 2018 Above and beyond my expectations for this site
|