Suppose there is a simple index of two stocks, stock A and stock B. Stock A opens on Monday with 8000 shares at $4.75 per share. Stock B opens on
Monday with 5000 shares at $5.12 per share. Stock A opens on Tuesday at
$5.40 per share, and stock B opens on Tuesday at $5.72 per share. Both
stocks have the same number of shares that they opened with on Monday.
What is the rate of change of this simple index over 1 day?
A. 11.4%
B. -12.9%
C. -11.4%
D. 12.9%

Martinez company has the following two temporary differences between its income tax expense and income taxes payable. 2017 2018 2019 pretax financial income $873,000 $866,000 $947,000 (2017' 2018, 2019) excess depreciation expense on tax return (29,400 ) (39,000 ) (9,600 ) (2017' 2018, 2019) excess warranty expense in financial income 20,000 9,900 8,300 (2017' 2018, 2019) taxable income $863,600 $836,900 $945,700(2017' 2018, 2019) the income tax rate for all years is 40%. instructions: a. prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2017, 2018, and 2019. b. assuming there were no temporary differences prior to 2016, indicate how deferred taxes will be reported on the 2016 balance sheet. button's warranty is for 12 months. c. prepare the income tax expense section of the income statement for 2017, beginning with the line, "pretax financial income."