subject
Business, 23.12.2020 19:00 labarmakenzie7855

Qute, Inc., earns book net income before tax of $500,000. In computing its book income, Qute expenses $50,000 more in warranty expense for book purposes than it is allowed to deduct for tax purposes. Qute records no other temporary or permanent book-tax differences. Assuming that the U. S. tax rate is 21% and no valuation allowance is required, what is Qute's total income tax expense reported on its GAAP financial statements

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 01:00
In order to gauge public opinion about how to handle iran's growing nuclear program, a research group surveyed 1010 americans by telephone and asked them to rate the threat iran's nuclear program poses to the world on a scale of 1 to 10. describe the population, sample, population parameters, and sample statistics. identify the population in the given problem. choose the correct answer below.
Answers: 2
question
Business, 22.06.2019 10:00
mary's baskets company expects to manufacture and sell 30,000 baskets in 2019 for $5 each. there are 4,000 baskets in beginning finished goods inventory with target ending inventory of 4,000 baskets. the company keeps no work-in-process inventory. what amount of sales revenue will be reported on the 2019 budgeted income statement?
Answers: 2
question
Business, 23.06.2019 02:50
In the market for lock washers, a perfectly competitive market, the current equilibrium price is $5 per box. washer king, one of the many producers of washers, has a daily short-run total cost given by tc = 190 + 0.20q + 0.0025q2, where q measures boxes of washers. washer king's corresponding marginal cost is mc = 0.20 + 0.005q. how many boxes of washers should washer king produce per day to maximize profit?
Answers: 1
question
Business, 23.06.2019 08:20
Analyze the forces in the marketing environment that have contributed to pinterest’s explosion in popularity?
Answers: 3
You know the right answer?
Qute, Inc., earns book net income before tax of $500,000. In computing its book income, Qute expense...
Questions
question
Social Studies, 18.05.2021 21:50
Questions on the website: 13722367