On december 31, year 1, a publicly traded entity identified a tax position that will result in a $100,000 tax benefit that qualifies for measurement and should be recognized. the entity has considered the amounts and possible outcomes of the position being sustained upon examination as follows: possible individual cumulative estimated probability of probability of outcome occurring occurring
$100,000 20% 20%
$30,000 35% 55%
$10,000 45% 100% 100%

what amount should be recognized as the tax benefit as of december 31, year 1?

a.$0
b.$10,000
c.$30,000
d.$100,000

The new york stock exchange is an example of what type of stock market?

Financial performance is measured in many ways. requirements 1. explain the difference between lag and lead indicators. 2. the following is a list of financial measures. indicate whether each is a lag or lead indicator: a. income statement shows net income of $100,000 b. listing of next week's orders of $50,000 c. trend showing that average hits on the redesigned website are increasing at 5% per week d. price sheet from vendor reflecting that cost per pound of sugar for the next month is $2 e. contract signed last month with large retail store that guarantees a minimum shelf space for grandpa's overloaded chocolate cookies for the next year

Engberg company installs lawn sod in home yards. the company’s most recent monthly contribution format income statement follows: amount percent of sales sales $ 80,000 100% variable expenses 32,000 40% contribution margin 48,000 60% fixed expenses 38,000 net operating income $ 10,000 required: 1. compute the company’s degree of operating leverage. (round your answer to 1 decimal place.) 2. using the degree of operating leverage, estimate the impact on net operating income of a 5% increase in sales. (do not round intermediate calculations.) 3. construct a new contribution format income statement for the company assuming a 5% increase in sales.