Question: Culver Company has the following two temporary differences between its income tax expense and income taxes payable. The income tax rate for all years is

 Culver Company has the following two temporary differences between its income
tax expense and income taxes payable. The income tax rate for all
years is 20%. Assuming there were no temporary differences prior to 2020
, prepare the journal entry to record income tax expense, deferred income

Culver Company has the following two temporary differences between its income tax expense and income taxes payable. The income tax rate for all years is 20%. Assuming there were no temporary differences prior to 2020 , prepare the journal entry to record income tax expense, deferred income taxes, and income tawes payable for 2020,2021 , and 2022. ICredit occount titles are cutomaticolly indented when amount is entered: Do not indent manually, If no entry is required, select "No Entry" for the occount titles and enter O for the amounts). 2022 Income Tax Expense \begin{tabular}{|r|} \hline 189600 \\ \hline 1680 \\ \hline \end{tabular} Deferred Tax Liability Income Tax Payable Indicate how deferred taxes will be reported on the 2022 balance sheet. Culver's product warranty is for 12 months

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