The pretax accounting and taxable incomes over a 3 -year perlod are as follows: Taxable...
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Accounting
The pretax accounting and taxable incomes over a 3 -year perlod are as follows: Taxable income in Year 1 inclodes $36,000 of rental revence for a 3-year period, Accounting records $12,000 of rental revenve in each year. Warranty expense for accounting exceeds warranty cost for tax by $10,000 in each year. Prepare the joumal eutries to recond income taxes for Years land 2. The tax rate is zo9
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