Scenario Taxable Income 852,000 Cumulative year-end future taxable amounts 82.500 Cumulative year-end future deductible amounts 76,000...

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Scenario Taxable Income 852,000 Cumulative year-end future taxable amounts 82.500 Cumulative year-end future deductible amounts 76,000 Beginning Balance DTL 20.000 Beginning Balance DTA 15.750 Enacted tax rate 25% Determine the Following: 1A. Income tax payable: 1B. Deferred tax asset, year-end balance: 1C. Deferred tax liability, year-end balance: 1D. What is the originating or reversing amount for the temporary difference during the year associated with both future taxable and deductible amounts? (Round to nearest whole dollar) 1E. What is Accounting Income 1F. Journal entry to record income tax expense during the year: Scenario Taxable Income 852,000 Cumulative year-end future taxable amounts 82.500 Cumulative year-end future deductible amounts 76,000 Beginning Balance DTL 20.000 Beginning Balance DTA 15.750 Enacted tax rate 25% Determine the Following: 1A. Income tax payable: 1B. Deferred tax asset, year-end balance: 1C. Deferred tax liability, year-end balance: 1D. What is the originating or reversing amount for the temporary difference during the year associated with both future taxable and deductible amounts? (Round to nearest whole dollar) 1E. What is Accounting Income 1F. Journal entry to record income tax expense during the year:

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1A Income tax payable can be computed as Taxable Income Enacted Tax Rate Substituting the values Inc... View the full answer