Truelson Corp. began operations in 2025 and reported pretax…

Questions

Truelsоn Cоrp. begаn оperаtions in 2025 аnd reported pretax financial income of $227,000 for the year. Truelson’s tax depreciation exceeded its book depreciation by $45,000.  Truelson’s tax rate for 2025 and all years thereafter is 30%. Assume this is the only difference between Truelson’s pretax financial income and taxable income. The journal entry to record the income tax expense, deferred income taxes, and income taxes payable will include:

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