Question: Assume the same information as in E19.14 for Callaway SA. Instructions a. Record income tax expense, deferred income taxes, and income taxes payable for 2019,

Assume the same information as in E19.14 for Callaway SA.
Instructions
a. Record income tax expense, deferred income taxes, and income taxes payable for 2019, assuming that it is probable that €20,000 of the deferred tax asset will be realized in full.
b. Record income tax expense, deferred income taxes, and income taxes payable for 2019, assuming that it is probable that none of the deferred tax asset will be realized.

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