Question: This Question: 8 pts Travis Inc reported ncome before tasx of $230,000 and tasable income was $250 000 This $20.00 difference was due t frm

 This Question: 8 pts Travis Inc reported ncome before tasx of

$230,000 and tasable income was $250 000 This $20.00 difference was due

This Question: 8 pts Travis Inc reported ncome before tasx of $230,000 and tasable income was $250 000 This $20.00 difference was due t frm recorded as revenue for tax purposes, but as a habity fr book purposes Travis s subject to a 40% tax rate uneamed revenues that the a What is the book basis of the unearned revenue b. What is the tax basis of the uneamed revenue? What are Travis's deterred tax asset income tax payable, and income tax expense for the current year? d. Prepare the journal entry to record the tax provision for the curent year of the unearned revenue? b. What is the tax basis of the uneamud revenue? c. What are Travis's deferred tax asset, income tax payable, and income tax expense for the current year? Start by determining the book and tax basis of uneamed revenue Then calculate the deferred tax asset (For amounts with a to enter O" in the appropniate cel $0 balance, make sure Book (GAAP basis Tax basis Difference Choose from any list or enter any number in the input fields and then continue to the next question A 835 PAM 4/4/2018 ype here to search 9

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