The country of ninook is adversely affected by trade deficits and so the government wants to move to a floating exchange rate system. the government believes that moving to a floating rate would adjust trade imbalances. however, a political group in ninook is opposing this. as critics of floating exchange rates, they claim that trade deficits are determined by the

multiple choice

a. external value of the currency of a country.

b. balance between savings and investment in a country.

c. mechanism of competitive currency devaluation.

d. valuations made by international monetary fund and the world bank.

e. exchange rates of other currencies.

What is the equity method balance in the investment in lindman account at the end of 2018?

Your dormitory, griffingate, has appointed you central banker of its economy, which deals in the currency of wizcoins. assume that the velocity of wizcoins in griffingate is constant at 10,000 transactions per year. right now, real gdp is 1,000 wizcoins, and there are 2,000 wizcoins in existence.

Martinez company has the following two temporary differences between its income tax expense and income taxes payable. 2017 2018 2019 pretax financial income $873,000 $866,000 $947,000 (2017' 2018, 2019) excess depreciation expense on tax return (29,400 ) (39,000 ) (9,600 ) (2017' 2018, 2019) excess warranty expense in financial income 20,000 9,900 8,300 (2017' 2018, 2019) taxable income $863,600 $836,900 $945,700(2017' 2018, 2019) the income tax rate for all years is 40%. instructions: a. prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2017, 2018, and 2019. b. assuming there were no temporary differences prior to 2016, indicate how deferred taxes will be reported on the 2016 balance sheet. button's warranty is for 12 months. c. prepare the income tax expense section of the income statement for 2017, beginning with the line, "pretax financial income."