Question: 119 . fr B D E F G H N O 0 R S U V W X Y Z K L M Question 1

119 . fr B D E F G H N O

119 . fr B D E F G H N O 0 R S U V W X Y Z K L M Question 1 of 6 (6 marks) 1 For Instructor Us Marks Available M (Please provide your answers in the colored spaces only. Its easier to print and mark. Save and name the file as requested. Upload your responses before time expires) 2 3 4 The following information is related to Leonard Inc.'s pre-tax income(loss) and taxes: Year Accounts DR CR Space for Calculations 5 6 Year Pretax Income(Loss) Tax Rate 7 2018 190,000 30% 8 2019 25,000 30% 9 2020 -310,000 28% 10 2021 240,000 25% 11 12 REQUIRED: 13 Prepare all journal entries for the years 2018-2021 to record income taxes. 14 Note: assume that IFRS is followed and the company's policy is to carry back any tax losses first. 15 16 17 18 19 20 21 22 23 24 25 26 27 Summary Q1 - Taxes Q2 - Pensions Q3 - Leases Q4 - Cash Flow Q5 - CFI (Bonds) Q6 - EP ... + MN

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