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.
Green Energy International Limited (GEIL) is an indigenous oil and gas company. Recently awarded the Otakikpo marginal field located on the NNPC/SPDC joint ventureâs OML 11 in Rivers State Nigeria.EIL intends to use the marginal field as a mechanism for creating localised domestic market based on small scale gas opportunities, GEIL objectives are in tandem with Government policies on local content, community empowerment and zero gas flare.