Giada foods reported $910 million in income before income taxes for 2018, its first year of operations. tax depreciation exceeded depreciation for financial reporting purposes by $85 million. the company also had non-tax-deductible expenses of $68 million relating to permanent differences. the income tax rate for 2018 was 35%, but the enacted rate for years after 2018 is 40%. the balance in the deferred tax liability in the december 31, 2018, balance sheet is: a. $35 million. b. $16 million. c. $40 million. d. $56 million.
Answers: 1
Another question on Business
Business, 22.06.2019 22:40
The uptowner just paid an annual dividend of $4.12. the company has a policy of increasing the dividend by 2.5 percent annually. you would like to purchase shares of stock in this firm but realize that you will not have the funds to do so for another four years. if you require a rate of return of 16.7 percent, how much will you be willing to pay per share when you can afford to make this investment?
Answers: 2
Business, 23.06.2019 02:10
Which of the following describes a situation in which there would be decreasing marginal utility? a. buying only necessities. b. buying a car to substitute for riding the bus. c. buying food in bulk to save money in the long run. d. buying a second winter coat.
Answers: 2
Business, 23.06.2019 02:20
When the benefit of one particular use of a resource is greater than the opportunity cost, then that resource is which of the following? a. not scarce b. being used efficiently c. a normal good d. non-excludable
Answers: 2
You know the right answer?
Giada foods reported $910 million in income before income taxes for 2018, its first year of operatio...
Questions
Mathematics, 18.10.2019 05:10
Mathematics, 18.10.2019 05:10
Mathematics, 18.10.2019 05:10
Mathematics, 18.10.2019 05:10
Biology, 18.10.2019 05:10
Mathematics, 18.10.2019 05:10
Social Studies, 18.10.2019 05:10
History, 18.10.2019 05:10
Biology, 18.10.2019 05:10
History, 18.10.2019 05:10
English, 18.10.2019 05:10
Chemistry, 18.10.2019 05:10
