Business, 15.11.2019 00:31 leo4687

Information for kent corp. for the year 2016: reconciliation of pretax accounting income and taxable income: pretax accounting income $180,900

permanent differences (15,500)

165,400

temporary difference-depreciation (12,900)

taxable income $152,500

cumulative future taxable amounts all from depreciation temporary differences:

as of december 31, 2015 $13,400

as of december 31, 2016 $26,300

the enacted tax rate was 30% for 2015 and thereafter. what should be the balance in kent's deferred tax liability account as of december 31, 2016?

1. $5,360.

2. $7,890.

3. $26,300.

Answers: 2

Show answers

Other questions on the subject: Business

Business, 22.06.2019 07:30, edna27

When the national economy goes from bad to better, market research shows changes in the sales at various types of restaurants. projected 2011 sales at quick-service restaurants are $164.8 billion, which was 3% better than in 2010. projected 2011 sales at full-service restaurants are $184.2 billion, which was 1.2% better than in 2010. how will the dollar growth in quick-service restaurants sales compared to the dollar growth for full-service places?

Answers: 2

continue

Business, 22.06.2019 11:10, amunson40

The green fiddle has declared a $5 per share dividend. suppose capital gains are not taxed, but dividends are taxed at 15 percent. new irs regulations require that taxes be withheld at the time the dividend is paid. green fiddle stock sells for $71.50 per share, and the stock is about to go ex-dividend. what will the ex-dividend price be?

Answers: 2

continue

Business, 22.06.2019 19:40, raymondleggett44

When a company produces and sells x thousand units per week, its total weekly profit is p thousand dollars, where upper p equals startfraction 800 x over 100 plus x squared endfraction . the production level at t weeks from the present is x equals 4 plus 2 t. find the marginal profit, startfraction dp over dx endfraction and the time rate of change of profit, startfraction dp over dt endfraction . how fast (with respect of time) are profits changing when tequals8?

Answers: 1

continue

Business, 22.06.2019 20:50, aberiele1998

You are bearish on telecom and decide to sell short 100 shares at the current market price of $50 per share. a. how much in cash or securities must you put into your brokerage account if the broker’s initial margin requirement is 50% of the value of the short position? b. how high can the price of the stock go before you get a margin call if the maintenance margin is 30% of the value of the short position? (input the amount as a positive value. round your answer to 2 decimal places.)

Answers: 3

continue

You know the right answer?

Information for kent corp. for the year 2016: reconciliation of pretax accounting income and taxabl...