申論題

2. During 2015, GGG Co.'s first year of operations, the company reports pretax financial income of £250,000. GGG's enacted tax rate is 40% for 2015, 35% for 2016, and 30% for all later years. GGG expects to have taxable income in each of the next 5 years. The effects on future tax returns of temporary differences existing at December 31, 2015, are summarized below.

(c) Prepare the journal entry to record income taxes payable, deferred taxes, and income tax expense for 2015.