The actual amount of permanent differences for 2019 were environmental penalties, $14,000 dividend exclusion, $55,000. Required:

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The actual amount of permanent differences for 2019 were environmental penalties, $14,000 dividend exclusion, $55,000.

Required: Prepare journal entries to record Sloan Company's 2019 quarterly income tax provisions.

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Advanced Accounting

ISBN: 978-1119373209

7th edition

Authors: Debra C. Jeter, Paul K. Chaney

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Posted Date: Mar 21, 2024 04:53 AM

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The actual amount of permanent differences for 2019 were environmental penalties, $14,000 dividend exclusion, $55,000. Required:

Question:

Quarter Actual Quarterly Earnings Quarterly Estimates of Annual Earnings 1 $95,000 2 85,000 3 92,000 4 96,000 $400,000 370,000 370,000 N/A Quarter Actual Quarterly Earnings Quarterly Estimates of Annual Earnings 1 $95,000 2 85,000 3 92,000 4 96,000 $400,000 370,000 370,000 N/A

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Advanced Accounting

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