subject
Business, 22.04.2020 20:10 ineedhelp368

During 2020, Kate Holmes Co.'s first year of operations, the company reports pretax financial income at $250,000. Holmes's enacted tax rate is 45% for 2020 and 20% for all later years. Holmes expects to have taxable income in each of the next 5 years. The effects on future tax returns of temporary differences existing at December 31, 2020, are summarized:Future Years 2021 2022 2023 2024 Future taxable- (deductible)amounts:Installment Sales 32,000 ### 32,000 Depreciation 6,000 ### 6,000 6,000 Unearned Rent (50,000) ###Compute Taxable Income for 2020.

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 16:20
Suppose you hold a portfolio consisting of a $10,000 investment in each of 8 different common stocks. the portfolio's beta is 1.25. now suppose you decided to sell one of your stocks that has a beta of 1.00 and to use the proceeds to buy a replacement stock with a beta of 1.55. what would the portfolio's new beta be? do not round your intermediate calculations.
Answers: 2
question
Business, 23.06.2019 02:10
Which of the following most accurately describes how the equilibrium price of a good or service can be determined? a. by moving the supply curve right or left until it matches the demand curve. b. by finding where the supply curve and the demand curve intersect. c. by doing market research to determine the maximum price consumers will pay. d. by taking the opposite of the columns in a supply schedule and a demand schedule.
Answers: 2
question
Business, 23.06.2019 16:00
Monroe just left his second job in the marketing, sales, and service career pathway. he was self-employed at his first job, and worked for a nonprofit for his second job. he recently took another job in logistics and distribution.  which  best  explains monroe’s career history? monroe worked in marketing communications and promotions in his first job, professional sales and marketing in his second job, and now works for a private company.monroe worked in buying and merchandising in his first job, e-marketing in his second job, and now works for the government.monroe worked in professional sales and marketing in his first job,  management and entrepreneurship in his second job, and is now  self-employed.monroe worked in   marketing research  in his first job, professional sales and marketing in his second job, and now works for a private company.
Answers: 3
question
Business, 24.06.2019 07:50
What are generally accepted accounting principles? a. the set of commonly used accounting standards in the u.s. b. the set of commonly used accounting standards worldwide c. the set of standards an individual company comes up with on its own d. the set of standards for proofreading a financial statement
Answers: 1
You know the right answer?
During 2020, Kate Holmes Co.'s first year of operations, the company reports pretax financial income...
Questions
question
Mathematics, 05.11.2020 22:30
question
Mathematics, 05.11.2020 22:30
Questions on the website: 13722361