SlideShare a Scribd company logo
1 of 1
Download to read offline
The information that follows pertains to Esther Food Products:
At December 31, 2024, temporary differences were associated with the following future taxable
(deductible) amounts:
No temporary differences existed at the beginning of 2024.
Pretax accounting income was $80,000 and taxable income was $15,000 for the year ended
December 31, 2024.
The tax rate is 25%.
Required:
Complete the following table given below and prepare the appropriate journal entry to record
income taxes for 2024.
Depreciation $ 60,000
Prepaid expenses 17,000
Warranty expenses (12,000)

More Related Content

More from aceindustriesjal

please answer AD no explanation needed will thumbs up .pdf
please answer AD no explanation needed will thumbs up .pdfplease answer AD no explanation needed will thumbs up .pdf
please answer AD no explanation needed will thumbs up .pdf
aceindustriesjal
 
NB Explain Every Line Of Code public class MainActivity.pdf
NB   Explain Every Line Of Code   public class MainActivity.pdfNB   Explain Every Line Of Code   public class MainActivity.pdf
NB Explain Every Line Of Code public class MainActivity.pdf
aceindustriesjal
 
If you were the CEO of ATT would you have bought Time Warner.pdf
If you were the CEO of ATT would you have bought Time Warner.pdfIf you were the CEO of ATT would you have bought Time Warner.pdf
If you were the CEO of ATT would you have bought Time Warner.pdf
aceindustriesjal
 

More from aceindustriesjal (20)

Sutural bone Also called Wormian bone Line Found in the me.pdf
Sutural bone  Also called Wormian bone Line  Found in the me.pdfSutural bone  Also called Wormian bone Line  Found in the me.pdf
Sutural bone Also called Wormian bone Line Found in the me.pdf
 
Church amp Dwight a large producer of sodium bicarbonate.pdf
Church amp Dwight a large producer of sodium bicarbonate.pdfChurch amp Dwight a large producer of sodium bicarbonate.pdf
Church amp Dwight a large producer of sodium bicarbonate.pdf
 
Think as if you are working in the Scottish Government or fo.pdf
Think as if you are working in the Scottish Government or fo.pdfThink as if you are working in the Scottish Government or fo.pdf
Think as if you are working in the Scottish Government or fo.pdf
 
Suppose the nation of Isoland is an importer of textiles and.pdf
Suppose the nation of Isoland is an importer of textiles and.pdfSuppose the nation of Isoland is an importer of textiles and.pdf
Suppose the nation of Isoland is an importer of textiles and.pdf
 
Respuesta poca del ao Duracin del da en horas .pdf
Respuesta   poca del ao   Duracin del da  en horas   .pdfRespuesta   poca del ao   Duracin del da  en horas   .pdf
Respuesta poca del ao Duracin del da en horas .pdf
 
Find the indicated IQ score The graph to the right depicts .pdf
Find the indicated IQ score The graph to the right depicts .pdfFind the indicated IQ score The graph to the right depicts .pdf
Find the indicated IQ score The graph to the right depicts .pdf
 
2 Short answer What is the relationship between the nomina.pdf
2 Short answer What is the relationship between the nomina.pdf2 Short answer What is the relationship between the nomina.pdf
2 Short answer What is the relationship between the nomina.pdf
 
During a recession median income falls by 20 Suppose the .pdf
During a recession median income falls by 20 Suppose the .pdfDuring a recession median income falls by 20 Suppose the .pdf
During a recession median income falls by 20 Suppose the .pdf
 
6 Let XPoisson and YPoisson and assume that X and Y are.pdf
6 Let XPoisson and YPoisson and assume that X and Y are.pdf6 Let XPoisson and YPoisson and assume that X and Y are.pdf
6 Let XPoisson and YPoisson and assume that X and Y are.pdf
 
Part II Fitness 8 Using the above table showing the averag.pdf
Part II Fitness 8 Using the above table showing the averag.pdfPart II Fitness 8 Using the above table showing the averag.pdf
Part II Fitness 8 Using the above table showing the averag.pdf
 
please answer AD no explanation needed will thumbs up .pdf
please answer AD no explanation needed will thumbs up .pdfplease answer AD no explanation needed will thumbs up .pdf
please answer AD no explanation needed will thumbs up .pdf
 
NB Explain Every Line Of Code public class MainActivity.pdf
NB   Explain Every Line Of Code   public class MainActivity.pdfNB   Explain Every Line Of Code   public class MainActivity.pdf
NB Explain Every Line Of Code public class MainActivity.pdf
 
20 Soil Water Holding Capacity may be more readily predicte.pdf
20 Soil Water Holding Capacity may be more readily predicte.pdf20 Soil Water Holding Capacity may be more readily predicte.pdf
20 Soil Water Holding Capacity may be more readily predicte.pdf
 
import javautilScanner public class LabProgram publi.pdf
import javautilScanner public class LabProgram     publi.pdfimport javautilScanner public class LabProgram     publi.pdf
import javautilScanner public class LabProgram publi.pdf
 
Linked List Problem 6 20 pts 6a 5 pts See the above .pdf
Linked List Problem 6 20 pts 6a 5 pts See the above .pdfLinked List Problem 6 20 pts 6a 5 pts See the above .pdf
Linked List Problem 6 20 pts 6a 5 pts See the above .pdf
 
Let x be an exponential random variable with 07 Calculate.pdf
Let x be an exponential random variable with 07 Calculate.pdfLet x be an exponential random variable with 07 Calculate.pdf
Let x be an exponential random variable with 07 Calculate.pdf
 
irketin ileyii iin gerekli olan gerekleri ve verileri topl.pdf
irketin ileyii iin gerekli olan gerekleri ve verileri topl.pdfirketin ileyii iin gerekli olan gerekleri ve verileri topl.pdf
irketin ileyii iin gerekli olan gerekleri ve verileri topl.pdf
 
If you were the CEO of ATT would you have bought Time Warner.pdf
If you were the CEO of ATT would you have bought Time Warner.pdfIf you were the CEO of ATT would you have bought Time Warner.pdf
If you were the CEO of ATT would you have bought Time Warner.pdf
 
High School Dropouts Approximately 99 of American high sch.pdf
High School Dropouts Approximately 99 of American high sch.pdfHigh School Dropouts Approximately 99 of American high sch.pdf
High School Dropouts Approximately 99 of American high sch.pdf
 
Given a distance dist count total number of ways to cover.pdf
Given a distance dist count total number of ways to cover.pdfGiven a distance dist count total number of ways to cover.pdf
Given a distance dist count total number of ways to cover.pdf
 

Recently uploaded

Personalisation of Education by AI and Big Data - Lourdes Guàrdia
Personalisation of Education by AI and Big Data - Lourdes GuàrdiaPersonalisation of Education by AI and Big Data - Lourdes Guàrdia
Personalisation of Education by AI and Big Data - Lourdes Guàrdia
EADTU
 
Contoh Aksi Nyata Refleksi Diri ( NUR ).pdf
Contoh Aksi Nyata Refleksi Diri ( NUR ).pdfContoh Aksi Nyata Refleksi Diri ( NUR ).pdf
Contoh Aksi Nyata Refleksi Diri ( NUR ).pdf
cupulin
 
Spellings Wk 4 and Wk 5 for Grade 4 at CAPS
Spellings Wk 4 and Wk 5 for Grade 4 at CAPSSpellings Wk 4 and Wk 5 for Grade 4 at CAPS
Spellings Wk 4 and Wk 5 for Grade 4 at CAPS
AnaAcapella
 
Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...
Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...
Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...
EADTU
 
Orientation Canvas Course Presentation.pdf
Orientation Canvas Course Presentation.pdfOrientation Canvas Course Presentation.pdf
Orientation Canvas Course Presentation.pdf
Elizabeth Walsh
 

Recently uploaded (20)

Personalisation of Education by AI and Big Data - Lourdes Guàrdia
Personalisation of Education by AI and Big Data - Lourdes GuàrdiaPersonalisation of Education by AI and Big Data - Lourdes Guàrdia
Personalisation of Education by AI and Big Data - Lourdes Guàrdia
 
Contoh Aksi Nyata Refleksi Diri ( NUR ).pdf
Contoh Aksi Nyata Refleksi Diri ( NUR ).pdfContoh Aksi Nyata Refleksi Diri ( NUR ).pdf
Contoh Aksi Nyata Refleksi Diri ( NUR ).pdf
 
COMMUNICATING NEGATIVE NEWS - APPROACHES .pptx
COMMUNICATING NEGATIVE NEWS - APPROACHES .pptxCOMMUNICATING NEGATIVE NEWS - APPROACHES .pptx
COMMUNICATING NEGATIVE NEWS - APPROACHES .pptx
 
Ernest Hemingway's For Whom the Bell Tolls
Ernest Hemingway's For Whom the Bell TollsErnest Hemingway's For Whom the Bell Tolls
Ernest Hemingway's For Whom the Bell Tolls
 
Spellings Wk 4 and Wk 5 for Grade 4 at CAPS
Spellings Wk 4 and Wk 5 for Grade 4 at CAPSSpellings Wk 4 and Wk 5 for Grade 4 at CAPS
Spellings Wk 4 and Wk 5 for Grade 4 at CAPS
 
PUBLIC FINANCE AND TAXATION COURSE-1-4.pdf
PUBLIC FINANCE AND TAXATION COURSE-1-4.pdfPUBLIC FINANCE AND TAXATION COURSE-1-4.pdf
PUBLIC FINANCE AND TAXATION COURSE-1-4.pdf
 
dusjagr & nano talk on open tools for agriculture research and learning
dusjagr & nano talk on open tools for agriculture research and learningdusjagr & nano talk on open tools for agriculture research and learning
dusjagr & nano talk on open tools for agriculture research and learning
 
DEMONSTRATION LESSON IN ENGLISH 4 MATATAG CURRICULUM
DEMONSTRATION LESSON IN ENGLISH 4 MATATAG CURRICULUMDEMONSTRATION LESSON IN ENGLISH 4 MATATAG CURRICULUM
DEMONSTRATION LESSON IN ENGLISH 4 MATATAG CURRICULUM
 
How to Send Pro Forma Invoice to Your Customers in Odoo 17
How to Send Pro Forma Invoice to Your Customers in Odoo 17How to Send Pro Forma Invoice to Your Customers in Odoo 17
How to Send Pro Forma Invoice to Your Customers in Odoo 17
 
UChicago CMSC 23320 - The Best Commit Messages of 2024
UChicago CMSC 23320 - The Best Commit Messages of 2024UChicago CMSC 23320 - The Best Commit Messages of 2024
UChicago CMSC 23320 - The Best Commit Messages of 2024
 
Rich Dad Poor Dad ( PDFDrive.com )--.pdf
Rich Dad Poor Dad ( PDFDrive.com )--.pdfRich Dad Poor Dad ( PDFDrive.com )--.pdf
Rich Dad Poor Dad ( PDFDrive.com )--.pdf
 
Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...
Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...
Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...
 
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptx
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptxHMCS Max Bernays Pre-Deployment Brief (May 2024).pptx
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptx
 
HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptx
HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptxHMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptx
HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptx
 
Andreas Schleicher presents at the launch of What does child empowerment mean...
Andreas Schleicher presents at the launch of What does child empowerment mean...Andreas Schleicher presents at the launch of What does child empowerment mean...
Andreas Schleicher presents at the launch of What does child empowerment mean...
 
diagnosting testing bsc 2nd sem.pptx....
diagnosting testing bsc 2nd sem.pptx....diagnosting testing bsc 2nd sem.pptx....
diagnosting testing bsc 2nd sem.pptx....
 
OS-operating systems- ch05 (CPU Scheduling) ...
OS-operating systems- ch05 (CPU Scheduling) ...OS-operating systems- ch05 (CPU Scheduling) ...
OS-operating systems- ch05 (CPU Scheduling) ...
 
Play hard learn harder: The Serious Business of Play
Play hard learn harder:  The Serious Business of PlayPlay hard learn harder:  The Serious Business of Play
Play hard learn harder: The Serious Business of Play
 
Orientation Canvas Course Presentation.pdf
Orientation Canvas Course Presentation.pdfOrientation Canvas Course Presentation.pdf
Orientation Canvas Course Presentation.pdf
 
Model Attribute _rec_name in the Odoo 17
Model Attribute _rec_name in the Odoo 17Model Attribute _rec_name in the Odoo 17
Model Attribute _rec_name in the Odoo 17
 

The information that follows pertains to Esther Food Product.pdf

  • 1. The information that follows pertains to Esther Food Products: At December 31, 2024, temporary differences were associated with the following future taxable (deductible) amounts: No temporary differences existed at the beginning of 2024. Pretax accounting income was $80,000 and taxable income was $15,000 for the year ended December 31, 2024. The tax rate is 25%. Required: Complete the following table given below and prepare the appropriate journal entry to record income taxes for 2024. Depreciation $ 60,000 Prepaid expenses 17,000 Warranty expenses (12,000)