Listed below are seven independent situations. For each situation indicate (by letter) whether it will create (A) a deferred tax asset, (L) a deferred tax liability, or (N) neither. Provide rational for your answer if you can. SITUATION1. Research and development costs reported in the income statement but elected to be capitalized and amortized over five years for tax purposes.2. An operating loss carry-forward.3. Premiums paid on life insurance policies covering key corporate executives, if the corporation wants the life insurance proceeds to be non-taxable.4. Warranty expense that is tax deductible when paid.5. Interest earned on investments in municipal bonds.6. Current year charitable contributions not currently deductible due to tax limitations but which can be carried forward to future tax years.7. Prepaid expenses, tax deductible when paid.8. Organization costs reported in the income statement but amortized and deducted over five years for tax purposes.9. The nondeductible portion of travel and entertainment expenses10. Prepaid expenses, tax deductible when paid.

Match the various steps in the creative process undertaken by the ad agency for developing the campaign for wpu, to the steps in young's model of the creative process.creative process in developing wpu's campaignyoung's modelafter intensive analysis of the data and several rounds of brainstorming, the agency executives decided to take a break from this project (the wpu campaign), and instead work on a different client's project before tackling the wpu project again.using a combination of animatics and storyboards, the ad agency conducted research with a representative sample of sixty target consumers to pretest the campaign theme and the creative execution.during a brainstorming session in the creative department, a copywriter's suggestion for a slogan for wpu was recognized as an excellent central idea that could drive the campaign for wpu.the account planning, account management and creative departments at the ad agency had a series of meetings and brainstorming sessions to discuss the creative brief and the results of all the primary and secondary research done with the target consumers.the account planning and the account management groups at the ad agency conducted primary research with a representative sample of the target segment and also studied secondary research data to gain insights required for the campaign development process.

The green fiddle has declared a $5 per share dividend. suppose capital gains are not taxed, but dividends are taxed at 15 percent. new irs regulations require that taxes be withheld at the time the dividend is paid. green fiddle stock sells for $71.50 per share, and the stock is about to go ex-dividend. what will the ex-dividend price be?

As a general rule, when accountants calculate profit they account for explicit costs but usually ignorea. certain outlays of money by the firm.b. implicit costs.c. operating costs.d. fixed costs.