Question: button company has the following two temporary differences between it's income tax expense and income tax payable. pretax financial income 2020-840000 2021-910000 2022-945000 excess depreciation
button company has the following two temporary differences between it's income tax expense and income tax payable. pretax financial income 2020-840000 2021-910000 2022-945000 excess depreciation expense on tax return 2020-(30000) 2021(40000) 2022-(10000) excess warranty expense in financial income 2020-20000 2021-10000 2022-8000 the income tax rate for all years is 20% B. Indicate how deferred taxes will be reported on the 2022 balance sheet. Buttons product warranty is for 12 months. C. Prepare the income tax expense section of the income statement for 2022, beginning with the line "Pretax financial income"
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