Business, 12.03.2021 15:50 briabrodnax19
The following facts relate to Whispering Corporation.
1. Deferred tax liability, January 1, 2017, $64,800.
2. Deferred tax asset, January 1, 2017, $21,600.
3. Taxable income for 2017, $113,400.
4. Cumulative temporary difference at December 31, 2017, giving rise to future taxable amounts, $248,400.
5. Cumulative temporary difference at December 31, 2017, giving rise to future deductible amounts, $102,600.
6. Tax rate for all years, 40%. No permanent differences exist.
7. The company is expected to operate profitably in the future.
1. Compute the amount of pretax financial income for 2014.
2. Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2014.
3. Prepare the income tax expense section of the income statement for 2014, beginning with the line "Income before income taxes."
Answers: 3
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Which two of the following are benefits of consumer programs
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Read the following paragraph, and choose the best revision for one of its sentences.dr. blake is retiring at the end of the month. there will be an unoccupied office upon his departure, and it is big in size. because every other office is occupied, we should convert dr. blake’s office into a lounge. it is absolutely essential that this issue is discussed at the next staff meeting. (a) because every other office is occupied, it’s recommended that we should convert dr. blake’s office into a lounge. (b) because every other office is filled, we should convert dr. blake’s office into a lounge.
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Regarding the results of a swot analysis, organizational weaknesses are (a) internal factors that the organization may exploit for a competitive advantage (b) internal factors that the organization needs to fix in order to be competitive (c) mbo skills that should be emphasized (d) skills and capabilities that give an industry advantages problems that a specific industry needs to correct
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Business, 22.06.2019 20:00
Which of the following is a competitive benefit experienced by the first mover firm in an industry? a. the first mover will be able to achieve a less steep learning curve. b. the first mover will be able to reduce the switching costs. c. the first mover will not have to patent its products or technology. d. the first mover will be able to reduce costs through economies of scale.
Answers: 3
The following facts relate to Whispering Corporation.
1. Deferred tax liability, January 1, 2017, $...
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