There any temporary differences

Reference no: EM13685983

During 2013, its first year of operations, Baginski Steel Corporation reported an operating loss of $100,000,000 for financial reporting and tax purposes. The enacted tax rate is 40% and this rate is not expected to change in the future.
1)Given the data above, are there any Temporary Differences? Yes or No
2) Prepare the appropriate entry to record Baginski Steel Corporation 2013 Income taxes

Reference no: EM13685983

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