John mcdowell co. establishes a $104,000,000 liability at the end of 2020 for the estimated site-cleanup costs at two of its manufacturing facilities. all related closing costs will be paid and deducted on the tax return in 2021. also, at the end of 2020, the company has $52,000,000 of temporary differences due to excess depreciation for tax purposes, $7,280,000 of which will reverse in 2021. the enacted tax rate for all years is 20%, and the company pays taxes of $33,280,000 on $166,400,000 of taxable income in 2020. mcdowell expects to have taxable income in 2021a.) determine the deferred taxes to be reported at the end of 2017.b.) indicate how the deferred taxes computed in (a) are to be reported on the balance sheet. c.) assuming that the only deferred tax account at the beginning of 2017 was a deferred tax liability of $10,000,000, draft the income tax expense portion of the income statement for 2017, beginning with the line "inconme before income taxes." (hint: you must first compute (1) the amount of temporary difference underlying the beginning $10,000,000 deferred tax liability, then (2) the amount of temporary differences originating or reversing during the year, and then (3) the amount of pretax financial income.)

If we know that a firm has a net profit margin of 4.6 %, total asset turnover of 0.62, and a financial leverage multiplier of 1.54, what is its roe? what is the advantage to using the dupont system to calculate roe over the direct calculation of earnings available for common stockholders divided by common stock equity?

Stephen barrett,md previous writing experience ?

On january 1, 2017, fisher corporation purchased 40 percent (90,000 shares) of the common stock of bowden, inc. for $980,000 in cash and began to use the equity method for the investment. the price paid represented a $48,000 payment in excess of the book value of fisher's share of bowden's underlying net assets. fisher was willing to make this extra payment because of a recently developed patent held by bowden with a 15-year remaining life. all other assets were considered appropriately valued on bowden's books. bowden declares and pays a $90,000 cash dividend to its stockholders each year on september 15. bowden reported net income of $400,000 in 2017 and $348,000 in 2018. each income figure was earned evenly throughout its respective year. on july 1, 2018, fisher sold 10 percent (22,500 shares) of bowden's outstanding shares for $338,000 in cash. although it sold this interest, fisher maintained the ability to significantly influence bowden's decision-making process. prepare the journal entries for fisher for the years of 2017 and 2018. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. do not round intermediate calculations. round your final answers to the nearest whole dollar.)