Indigo Corporation has pretax financial lincome (or loss) equal to taxable income (or loss) from...
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Indigo Corporation has pretax financial lincome (or loss) equal to taxable income (or loss) from 2020 through 2026 as follows. Pretax financial income (loss) and taxable income (loss) were the same for all years since indigo has been in business. Tax rates were not enacted until the year of change. In recording the benefits of a loss carryforward, assume that it is more likely than not that the related bentefits will be realized. (a) What entry for income taces should be recorded for 2021 ? (Credit account titles are automatically indented when amount is entered, Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter O for the amounts, List all debit entry beforecreditentins Indigo Corporation has pretax financial lincome (or loss) equal to taxable income (or loss) from 2020 through 2026 as follows. Pretax financial income (loss) and taxable income (loss) were the same for all years since indigo has been in business. Tax rates were not enacted until the year of change. In recording the benefits of a loss carryforward, assume that it is more likely than not that the related bentefits will be realized. (a) What entry for income taces should be recorded for 2021 ? (Credit account titles are automatically indented when amount is entered, Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter O for the amounts, List all debit entry beforecreditentins

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