Business, 20.12.2019 06:31 choudharykaran7997
South, inc., earns book net income before tax of $400,000 in year 1. south acquires a depreciable asset in year 1, and first year tax depreciation exceeds book depreciation by $50,000. at the end of year 1, south’s deferred tax liability account balance is $10,500. in year 2, south earns $500,000 book net income before tax, and its book depreciation exceeds tax depreciation by $20,000. south records no other temporary or permanent book-tax differences. assuming that the u. s. tax rate is 21% in both years, what is south’s balance in its deferred tax liability account at the end of year 2?
Answers: 2
Business, 22.06.2019 10:00, mayamabjishovrvq9
Suppose an economy has only two sectors: goods and services. each year, goods sells 80% of its outputs to services and keeps the rest, while services sells 62% of its output to goods and retains the rest. find equilibrium prices for the annual outputs of the goods and services sectors that make each sector's income match its expenditures.
Answers: 2
Business, 22.06.2019 11:50, vdirectioner7634
The basic difference between macroeconomics and microeconomics is that: a. microeconomics looks at the forest (aggregate markets) while macroeconomics looks at the trees (individual markets). b. macroeconomics is concerned with groups of individuals while microeconomics is concerned with single countries. c. microeconomics is concerned with the trees (individual markets) while macroeconomics is concerned with the forest (aggregate markets). d. macroeconomics is concerned with generalization while microeconomics is concerned with specialization.
Answers: 3
Business, 22.06.2019 15:00, menendezliliana5
(a) what do you think will happen if the price of non-gm crops continues to rise? why? (b) what will happen if the price of non-gm food drops? why?
Answers: 2
South, inc., earns book net income before tax of $400,000 in year 1. south acquires a depreciable as...
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