Wynn sheet metal reported a net operating loss of $160,000 for financial reporting and tax purposes in 2018. the enacted tax rate is 40%. taxable income, tax rates, and income taxes paid in wynn’s first four years of operation were as follows: - taxableincome tax rates income taxes paid 2014 $ 60,000 30 % $ 18,000 2015 70,000 30 21,000 2016 80,000 40 32,000 2017 60,000 45 27,000 required: 1. prepare the journal entry to recognize the income tax benefit of the net operating loss. wynn elects the carryback option. 2. show the lower portion of the 2018 income statement that reports the income tax benefit of the net operating loss.

b) a student tests 100 students to determine whether other students on her campus prefer soda brand a or soda brand b and finds no evidence that preference for brand a is not 0.5. later, a marketing company tests all students on campus and finds no difference. choose the correct answer below.

Which of the following government agencies is responsible for managing the money supply in the united states? a. the u.s. mint b. the federal reserve bank c. congress d. the department of the treasury 2b2t

Balance sheet the assets of dallas & associates consist entirely of current assets and net plant and equipment. the firm has total assets of $2 5 million and net plant and equipment equals $2 million. it has notes payable of $150,000, long-term debt of $750,000, and total common equity of $1 5 million. the firm does have accounts payable and accruals on its balance sheet. the firm only finances with debt and common equity, so it has no preferred stock on its balance sheet. a. what is the company's total debt? b. what is the amount of total liabilities and equity that appears on the firm's balance sheet? c. what is the balance of current assets on the firm's balance sheet? d. what is the balance of current liabilities on the firm's balance sheet? e. what is the amount of accounts payable and accruals on its balance sheet? [hint: consider this as a single line item on the firm's balance sheet.] f. what is the firm's net working capital? g. what is the firm's net operating working capital? h. what is the explanation for the difference in your answers to parts f and g?