subject
Business, 26.03.2021 01:00 jakiyahporter0817

For the current year ($ in millions), Universal Corp. had $80 in pretax accounting income. This included warranty expense of $7 and $20 in depreciation expense. Two million of warranty costs were incurred, and depreciation deductions in the tax return amounted to $30. In the absence of other temporary or permanent differences, what was Universal's income tax payable currently, assuming a tax rate of 25%

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 19:30
The revenues of a company increased by 39% in year one and decreased 22% in year two. what is the overall change over the two-year period?
Answers: 1
question
Business, 22.06.2019 03:10
Beswick company your team is allocated a project involving a major client, the beswick company. although the organization has many clients, this client, and project, is the largest source of revenue and affects the work of several other teams in the organization. the project requires continuous involvement with the client, so any problems with the client are immediately felt by others in the organization. jamie, a member of your team, is the only person in the company with whom this client is willing to deal. it can be said that jamie has:
Answers: 2
question
Business, 22.06.2019 09:30
An object that is clicked on and takes the presentation to a new targeted file is done through a
Answers: 2
question
Business, 22.06.2019 19:00
By 2020, automobile market analysts expect that the demand for electric autos will increase as buyers become more familiar with the technology. however, the costs of producing electric autos may increase because of higher costs for inputs (e.g., rare earth elements), or they may decrease as the manufacturers learn better assembly methods (i.e., learning by doing). what is the expected impact of these changes on the equilibrium price and quantity for electric autos?
Answers: 1
You know the right answer?
For the current year ($ in millions), Universal Corp. had $80 in pretax accounting income. This incl...
Questions
question
Mathematics, 01.10.2019 06:20
question
Mathematics, 01.10.2019 06:20
question
Mathematics, 01.10.2019 06:20
question
Chemistry, 01.10.2019 06:20
question
Mathematics, 01.10.2019 06:20
Questions on the website: 13722363