WP = Fall 2019, ACCT 3620 Assignments Chapter 19 W Assignment Chapter 19 HW Assignment Home Testhoek Send to Cradeck Modul Grades Question 7 Wiley Accounting Current Attempt in Progress Discussions The accounting records of Concord inc. show the following catator 2017 iltshrst year of operations. Colorations Wiley PLUS Support 1 Lite Insurance expense on others was $14.000 2. Couloment was acquired in early January 314000. Straight depression over a year i s used with no salvage value for purposes Concord used 30% rate to calcuate depreciation Interest on State of low bontot $1.000 4 Product wants www stimated to be $2000 in 2017 Actual wallaber rel to the wantles in 2017 www 50000 Therander is time to be paidenly in 2018 and 2019 5. Prelaxine income was 5872,000. The Lake a 30% Prepare a schedule starting with relax financial income in 2017 and ending with taxable income in 2017. Schedule of Preta Financial Income and Taman Inerme for 2017 Permanent Differences Temporary Differences Textbook and Media List of Accounts incorporandwered com for the amounts.) m uni t y inderd Prepare the currentry for 2017 to record income If no entry is required t o Entry for the account title and enter antis ad Donat indtasty Account Tities and Explanation Credit e Textbook and Media List of Accounts Assume that in 2018 Concord reported a pretax operating loss of $981.000. There were no other temporary or permanent differences in tax and book income for 2018. Prepare the journalentry to record Income tax expense for 2018 Concord expects to return to profitability in 2019 Credit account sides.creat ically indented when amount is entered Donat indent i f no entry is reedsc"No Entry for the account title and enter for the mounts Account Titles and Explanation Textbook and Media List of Accounts Attempts: 0 of 2 used for Submit Alor Using multiple attempts will impact your score score reduction site attempt 1 Send to Gradbook WP = Fall 2019, ACCT 3620 Assignments Chapter 19 W Assignment Chapter 19 HW Assignment Home Testhoek Send to Cradeck Modul Grades Question 7 Wiley Accounting Current Attempt in Progress Discussions The accounting records of Concord inc. show the following catator 2017 iltshrst year of operations. Colorations Wiley PLUS Support 1 Lite Insurance expense on others was $14.000 2. Couloment was acquired in early January 314000. Straight depression over a year i s used with no salvage value for purposes Concord used 30% rate to calcuate depreciation Interest on State of low bontot $1.000 4 Product wants www stimated to be $2000 in 2017 Actual wallaber rel to the wantles in 2017 www 50000 Therander is time to be paidenly in 2018 and 2019 5. Prelaxine income was 5872,000. The Lake a 30% Prepare a schedule starting with relax financial income in 2017 and ending with taxable income in 2017. Schedule of Preta Financial Income and Taman Inerme for 2017 Permanent Differences Temporary Differences Textbook and Media List of Accounts incorporandwered com for the amounts.) m uni t y inderd Prepare the currentry for 2017 to record income If no entry is required t o Entry for the account title and enter antis ad Donat indtasty Account Tities and Explanation Credit e Textbook and Media List of Accounts Assume that in 2018 Concord reported a pretax operating loss of $981.000. There were no other temporary or permanent differences in tax and book income for 2018. Prepare the journalentry to record Income tax expense for 2018 Concord expects to return to profitability in 2019 Credit account sides.creat ically indented when amount is entered Donat indent i f no entry is reedsc"No Entry for the account title and enter for the mounts Account Titles and Explanation Textbook and Media List of Accounts Attempts: 0 of 2 used for Submit Alor Using multiple attempts will impact your score score reduction site attempt 1 Send to Gradbook