At the end of 2016, its first year of operations, Swelland Company reported a pretax operating loss
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Required:
1. Prepare Swelland’s income tax journal entries at the end of 2016.
2. Prepare Swelland’s income tax journal entry at the end of 2017.
3. Prepare the lower portion of Swelland’s 2017 income statement.
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Related Book For
Intermediate Accounting Reporting and Analysis
ISBN: 978-1285453828
2nd edition
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
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