Ivanhoe Company has the following cumulative taxable temporary differences: 12/31/22 12/31/21 $3200000 $2260000 The tax rate enacted for 2022 is 30%, while the tax rate enacted for future years is 20%. Taxable income for 2022 is $5900000 and there are no permanent differences. Ivanhoe's pretax financial income for 2022 is

$6,840,000

Explanation:

        12/31/21                   12/31/22    

    $2260000               $3200000

taxable income for 2022 = $5,900,000

Ivanhoe's pretax financial income = 2022 taxable income + (temporary differences 2022 - temporary differences 2021) = $5,900,000 + ($3,200,000 - $2,260,000) = $5,900,000 + $940,000 = $6,840,000

A taxable temporary difference will affect future taxable amounts when determining a profit or loss.

the correct answer is:

it required the president to inform congress within forty-eight hours of any new troop commitment.

the war powers resolution (1973) is a federal law designed to limit the u.s. president’s ability to initiate or intensify military actions abroad without the approval of the congress.

it establishes that the president can send armed forces into action abroad only by declaration of war by congress, statutory authorization, or in case of a national emergency created by attack upon the united states, its territories or possessions, or its armed forces.

it requires the president to notify congress within 48 hours of sending armed forces to military action.