The following facts relate to duncan corporation. 1. deferred tax liability, january 1, 2020, $30,000. 2. deferred tax asset, january 1, 2020, $10,000. 3. taxable income for 2020, $105,000. 4. cumulative temporary difference at december 31, 2020, giving rise to future taxable amounts, $230,000. 5. cumulative temporary difference at december 31, 2020, giving rise to future deductible amounts, $95,000. 6. tax rate for all years, 20%. no permanent differences exist. 7. the company is expected to operate profitably in the future.
Answers: 3
Business, 23.06.2019 15:00, rodneisha1313
Organizations focus on facilities and systems during the stage in a work-unit activity analysis.
Answers: 1
The following facts relate to duncan corporation. 1. deferred tax liability, january 1, 2020, $30,00...
Social Studies, 11.05.2021 05:50
Mathematics, 11.05.2021 05:50
Biology, 11.05.2021 05:50
Biology, 11.05.2021 05:50
Mathematics, 11.05.2021 05:50
Social Studies, 11.05.2021 05:50