subject
Business, 31.10.2019 06:31 taliyahjhonson1

The deville company reported pretax accounting income on its income statement as follows: 2018 $ 435,000 2019 355,000 2020 425,000 2021 465,000 included in the income of 2018 was an installment sale of property in the amount of $64,000. however, for tax purposes, deville reported the income in the year cash was collected. cash collected on the installment sale was $25,600 in 2019, $32,000 in 2020, and $6,400 in 2021. included in the 2020 income was $27,000 interest from investments in municipal bonds. the enacted tax rate for 2018 and 2019 was 30%, but during 2019 new tax legislation was passed reducing the tax rate to 25% for the years 2020 and beyond. required : prepare the year-end journal enteries to record income taxes for the year 2018 - 2021.

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 01:30
What is an example of a good stock to buy during economic expansion? a) cyclical stock b) defensive stock c) income stock d) bond
Answers: 3
question
Business, 22.06.2019 10:10
Rats that received electric shocks were unlikely to develop ulcers if the
Answers: 1
question
Business, 22.06.2019 14:00
The following costs were incurred in may: direct materials $ 44,800 direct labor $ 29,000 manufacturing overhead $ 29,300 selling expenses $ 26,800 administrative expenses $ 37,100 conversion costs during the month totaled:
Answers: 2
question
Business, 22.06.2019 14:30
You hear your supervisor tell another supervisor that a fire drill will take place later today when the fire alarm sounds that afternoon you should
Answers: 1
You know the right answer?
The deville company reported pretax accounting income on its income statement as follows: 2018 $ 43...
Questions
question
History, 13.10.2019 00:00
question
Mathematics, 13.10.2019 00:10
Questions on the website: 13722363