subject
Business, 01.11.2019 03:31 Rflaig1129841

"at the beginning of 2018; carla vista, inc. had a deferred tax asset of $17500 and a deferred tax liability of $27500. pre-tax accounting income for 2018 was $145 and the enacted tax rate is 30%. the following items are included in carla vista’s pre-tax income: interest income from municipal bonds $115000 accrued warranty costs, estimated to be paid in 2019 $255000 operating loss carryforward $185000 installment sales profit, will be taxed in 2019 $125000 prepaid rent expense, will be used in 2019 $57500 which of the following is required to adjust carla vista, inc.’s deferred tax asset to its correct balance at december 31, 2018? "a. a credit of $99200b. a credit of $79600c. a debit of $85200d. a debit of $79600

ansver
Answers: 2

Other questions on the subject: Business

image
Business, 22.06.2019 11:30, zahradawkins2007
Marta communications, inc. has provided incomplete financial statements for the month ended march 31. the controller has asked you to calculate the missing amounts in the incomplete financial statements. use the information included in the excel simulation and the excel functions described below to complete the task
Answers: 1
image
Business, 22.06.2019 21:00, sofiaisabelaguozdpez
Roberto and reagan are both 25 percent owner/managers for bright light inc. roberto runs the retail store in sacramento, ca, and reagan runs the retail store in san francisco, ca. bright light inc. generated a $125,000 profit companywide made up of a $75,000 profit from the sacramento store, a ($25,000) loss from the san francisco store, and a combined $75,000 profit from the remaining stores. if bright light inc. is an s corporation, how much income will be allocated to roberto?
Answers: 2
image
Business, 22.06.2019 21:00, elenasoaita
Describe what fixed costs and marginal costs mean to a company.
Answers: 1
image
Business, 23.06.2019 00:00, makayyafreeman
According to the video, the gross national product had declined from $104 billion in 1929 to about in 1933.
Answers: 2
You know the right answer?
"at the beginning of 2018; carla vista, inc. had a deferred tax asset of $17500 and a deferred tax...

Questions in other subjects:

Konu
English, 06.05.2020 03:58
Konu
Mathematics, 06.05.2020 03:58
Konu
Mathematics, 06.05.2020 03:58
Konu
Mathematics, 06.05.2020 03:58