Julia is considering buying stock in only one of the following companies: (i) uninvest, which runs a web site geared toward older people’s retirement income and has a 10 percent probability of returning 20 percent this year and a 90 percent probability of returning 7 percent, or (ii) speculate, inc., which invests in derivative securities and has a 50 percent chance of returning 0 percent this year and a 50 percent chance of returning 50 percent. what are the expected returns to investing in uninvest and speculate?

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."