Final answer:
The student's question involves identifying the future taxable or deductible amounts for Esther Food Products as of December 31, 2024, which is related to accounting for income taxes in financial statements.
Step-by-step explanation:
The student's question addresses future taxable (deductible) amounts which are part of accounting for income taxes in financial statements. In this context, future taxable amounts would be revenues or gains that are recognized for accounting purposes in the current period but are taxable in future periods when they are included in the tax return. Conversely, future deductible amounts would be expenses or losses recognized for accounting purposes now that will be deductible on the tax return in future periods.
Determining the exact future taxable or deductible amounts would require detailed information about specific temporary differences arising from differences between the tax base of assets and liabilities and their reported amounts in the financial statements. For instance, differences could arise from methods of depreciation used, timing of revenue recognition, or the way certain expenses are treated for tax versus accounting purposes.