subject
Business, 15.04.2020 16:58 Richelleypinelley

Ronin, Inc. had pre-tax accounting income of $2.700,000 and a tax rate of 40% in 2018, its first year of operations. During 2018 the company had the following transactions Received rent from Jean Co. for 2019 Municipal bond income Depreciation for tax purposes in excess of book depreciation Instaliment sales profit to be taxed in 2019 $96,000 $120,000 $60,000 $162,000 For 2018, what is the amount of income taxes payable for Ronin, Inc? a) b) At the end of 2018, which of the deferred tax accounts and balances exist at December 31, 2018, and what are the balances?

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 21:00
12. nelson corporation, which has only one product, has provided the following data concerning its most recent month of operations: selling price $ 115 units in beginning inventory 380 units produced 5,900 units sold 6,070 units in ending inventory 210 variable costs per unit: direct materials $ 46 direct labor $ 27 variable manufacturing overhead $ 3 variable selling and administrative $ 12 fixed costs: fixed manufacturing overhead $ 112,100 fixed selling and administrative $ 36,420 the company produces the same number of units every month, although the sales in units vary from month to month. the company's variable costs per unit and total fixed costs have been constant from month to month. a. prepare a contribution format income statement for the month using variable costing. unit product cost under variable costing direct materials direct labor variable manufacturing overhead variable costing unit product cost (formula)
Answers: 3
question
Business, 23.06.2019 00:30
2. which of the following statements about interest is true? a. interest is a one-time fee that you pay for lending money. b. interest is expressed as a percentage of the amount you are borrowing. c. because interest rates tend to be small numbers, they typically don't have much effect on the price of the goods you're purchasing. d. interest is a penalty that you pay when you don't pay your bills on time.
Answers: 1
question
Business, 23.06.2019 02:00
Create a list of five action verbs you might use on a job application to describe skills and/or work history. here are some examples: (organized, produced, selected, coordinated, contributed). find five other than the examples.
Answers: 3
question
Business, 23.06.2019 12:30
Zowns a disability income policy with a 30-day elimination period. z contracts pneumonia that leaves him unable to work from january 1 until january 15. z then becomes disabled from an accident on february 1 and the disability lasts until july 1 the same year. z will become eligible to receive benefits starting on
Answers: 2
You know the right answer?
Ronin, Inc. had pre-tax accounting income of $2.700,000 and a tax rate of 40% in 2018, its first yea...
Questions
question
Mathematics, 23.08.2021 01:00
question
Mathematics, 23.08.2021 01:00
question
Mathematics, 23.08.2021 01:00
question
Mathematics, 23.08.2021 01:00
Questions on the website: 13722360