Dallas company had financial and taxable income as follows:
2010 2011 2012
Pretax financial income $ 150000 $ 140000 $ 135000
Taxable income 115000 140000 170000
The tax rate for all tree years was 20%.
Required:
a. Prepare the journal entries to record income taxes for all three years.
b. Explain why the taxes paid in 2010 are different from the tax return and the amount reported in the financial statements.

How about you prepare the journal entries and explain.

We don't do your homework/school work for you.

If you do it and post the answers, someone may come along and help you with them but nobody is going to do the work for you.

Quote:

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Originally Posted by odinn7

How about you prepare the journal entries and explain.

We don't do your homework/school work for you.

If you do it and post the answers, someone may come along and help you with them but nobody is going to do the work for you.

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I did. I just want to make sure it is correct, if u do not the answer why you repling and taking my time?! 1

You did, really? I don't see it here... maybe you should post it. Nobody is going to figure this out for you but you'd rather just be rude instead of listening.

I replied because:
A) I am telling you that we do not do homework/school work for you.
B) I am telling you to post your answer to show you did it.
C) You can't dictate who answers and how they answer.
D) All of the above.