The income tax rate is 40 percent. The valuationallowance for deferred tax assets was zero throughout Year 7 and Year 8. Prepare the journal entry to recog-nize income tax expense for Year 7 and for Year 8.
Ikogosi Warm Springs. The Ikogosi Warm Springs is a tourist attraction located at Ikogosi, a town in Ekiti State, southwestern Nigeria. Flowing abreast the warm spring is another cold spring which meets the warm spring at a confluence, each maintaining its thermal properties. These attributes make the spring a tourist attraction in Nigeria.
Oguta is a town on the east bank of Oguta Lake in Imo State of southeastern Nigeria. It is made up of 27 villages. The Oguta people refer to themselves as Umu-Ameshi. It is the administrative seat for Oguta LGA.