Business, 24.10.2019 05:00 jackyrodriguez92

The following information relates to franklin freightways for its first year of operations (data in millions of dollars): pretax acct income: $200 pretax acct income included: overweight fines: 5 depreciation expense: 70 depreciation in the tax return using macrs: 110 the applicable tax rate is 40%. there are no other temporary or permanent differences. franklin's balance sheet at the end of its first year would report:

(a) a deferred tax liability of $16 among noncurrent liabilities.
(b) a deferred tax liability of $16 among current liabilities.
(c) a deferred tax asset of $16 among noncurrent assets.
(d) a deferred tax asset of $16 among current assets.

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 21:20

According to the u.s. census bureau (), the median household income in the united states was $23,618 in 1985, $34,076 in 1995, $46,326 in 2005, and $57,230 in 2015. in purchasing power terms, how did family income compare in each of those four years? you will need to know that the cpi (multiplied by 100, 1982–1984 = 100) was 107.6 in 1985, 152.4 in 1995, 195.3 in 2005, and 237.0 in 2015

Answers: 3

Answer

Business, 21.06.2019 21:30

Gary becker's controversial the economics of discrimination concludes that price discrimination has no effect on final profits. price discrimination benefits monopolies. labor discrimination in hiring results in more efficient allocations of production. discrimination in hiring practices has no effect on final profits. labor discrimination harms firms that practice it due to increased labor costs. price discrimination harms monopolies, which refutes over two centuries of economic theory.

Answers: 3

Answer

Business, 22.06.2019 09:50

Is exploiting a distinctive competence or improving efficiency for competitive advantage. (a) cooptation (b) coalition (c) competitive intelligence (d) competitive aggression (e) smoothing

Answers: 1

Answer

Business, 22.06.2019 19:30

Which of the following statements are false regarding activity-based costing? non-manufacturing costs are important to include when calculating the cost of each product. costs are allocated based on a pre-determined overhead rate. transitioning from traditional costing methods to activity-based costing can be complicated and costly. activity-based costing follows the same basic calculation methods as traditional costing approaches. none of the above

Answers: 2

Answer

You know the right answer?

The following information relates to franklin freightways for its first year of operations (data in...

Questions