South, inc., earns book net income before tax of $400,000 in year 1. south acquires a depreciable asset in year 1, and first year tax depreciation exceeds book depreciation by $50,000. at the end of year 1, south’s deferred tax liability account balance is $10,500. in year 2, south earns $500,000 book net income before tax, and its book depreciation exceeds tax depreciation by $20,000. south records no other temporary or permanent book-tax differences. assuming that the u. s. tax rate is 21% in both years, what is south’s balance in its deferred tax liability account at the end of year 2?

Chance company had two operating divisions, one manufacturing farm equipment and the other office supplies. both divisions are considered separate components as defined by generally accepted accounting principles. the farm equipment component had been unprofitable, and on september 1, 2018, the company adopted a plan to sell the assets of the division. the actual sale was completed on december 15, 2018, at a price of $600,000. the book value of the division’s assets was $1,000,000, resulting in a before-tax loss of $400,000 on the sale. the division incurred a before-tax operating loss from operations of $130,000 from the beginning of the year through december 15. the income tax rate is 40%. chance’s after-tax income from its continuing operations is $350,000. required: prepare an income statement for 2018 beginning with income from continuing operations. include appropriate eps disclosures assuming that 100,000 shares of common stock were outstanding throughout the year. (amounts to be deducted should be indicated with a minus sign. round eps answers to 2 decimal places.)

Suppose jamal purchases a pair of running shoes online for $60. if his state has a sales tax on clothing of 6 percent, how much is he required to pay in state sales tax?

What is the relationship among market segmentation, target markts, and consumer profiles?