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.
Otakikpo Field is located in oil mining lease (OML) 17 while Ubima Creek Field is in OML 11, both Shell OMLs. The muted auction for the two fields is unsurprising given the circumstances of their award in non-competitive allocations in 2010 to Green Energy and All Grace Energy respectively under the Obasanjo presidency.takikpo Field is located in oil mining lease (OML) 17 while Ubima Creek Field is in OML 11, both Shell OMLs. The muted auction for the two fields is unsurprising given the circumstances of their award in non-competitive allocations in 2010 to Green Energy and All Grace Energy respectively under the Obasanjo presidency.