AC 302 WEEK 3 Exercise 19 Question 9
The pretax financial income or loss figures for Jenny Spangler Company are as follows.
2009 $161,700
2010 254,300
2011 85,800
2012 (161,700 )
2013 (381,200 )
2014 123,100
2015 109,000
Pretax financial income (or loss) and taxable income (loss) were the same for all years involved. Assume a 45% tax rate for 2009 and 2010 and a 40% tax rate for the remaining years.
Prepare the journal e
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strayer university
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AC 302
08 Sep 2015