Business, 24.04.2020 02:05 jlozaaaaaa408
Blossom Co. at the end of 2020, its first year of operations, prepared a reconciliation between pretax financial income and taxable income as follows: Pretax financial income $1140000 Estimated litigation expense 2900000 Installment sales (2320000) Taxable income $1720000 The estimated litigation expense of $2900000 will be deductible in 2022 when it is expected to be paid. The gross profit from the installment sales will be realized in the amount of $1160000 in each of the next two years. The estimated liability for litigation is classified as noncurrent and the installment accounts receivable are classified as $1160000 current and $1160000 noncurrent. The income tax rate is 20% for all years.
Find the income tax expense, the deffered tax asset to be recognized, and the defferred tax liablitiy to be recognized.
Answers: 2
Business, 21.06.2019 14:00
After creating an organizational strategy based on porter’s models, a company can a) create process models. b) calculate inputs and outputs. c) examine market structure. d) develop information systems. only answer if you're positive! you!
Answers: 2
Business, 22.06.2019 11:50
What is marketing’s contribution to the new product development team? a. technical expertise needed to translate designs into an actual product/service. b. deep customer insight that leads to product ideas. c. ability to assess financial viability d. feedback on design as well as how customers will actually use the product e. technical expertise needed to translate concepts into product/service designs.
Answers: 2
Business, 22.06.2019 20:00
Harry is 25 years old with a 1.55 rating factor for his auto insurance. if his annual base premium is $1,012, what is his total premium? $1,568.60 $2,530 $1,582.55 $1,842.25
Answers: 1
Business, 22.06.2019 22:00
Consider the labor market for heath care workers. because of the aging population in the united states, the output price for health care services has increased. holding all else equal, what effect does this have on the labor market for health care employees? a. the equilibrium wage increases and the equilibrium quantity of labor increases.b. the equilibrium wage increases and the equilibrium quantity of labor decreases.c. the equilibrium wage decreases and the equilibrium quantity of labor increases.d. the equilibrium wage decreases and the equilibrium quantity of labor decreases.
Answers: 2
Blossom Co. at the end of 2020, its first year of operations, prepared a reconciliation between pret...
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