The estimated and actual pretax incomes of Ent Corporation by quarter for 2011 were as follows: Ent

Question:

The estimated and actual pretax incomes of Ent Corporation by quarter for 2011 were as follows:

Ent calculated its estimated annual effective income tax rate to be 27.8333 percent, based on estimated pretax income and existing income tax rates.REQUIRED: Prepare a schedule to calculate Ent Corporation's net income by quarter.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...