subject
Business, 31.03.2020 02:04 keoni18

For its first year of operations, Tringali Corporation's reconciliation of pretax accounting income to taxable income is as follows:

Pretax accounting income $300,000
Permanent difference
(15,000)

285,000
Temporary difference-depreciation (20,000)
Taxable income
$265,000

Tringali's tax rate is 40%.

What should Tringali report as its deferred income tax liability as of the end of its first year of operations?

a. $35,000.
b. $20,000.
c. $14,000.
d. $8,000.

ansver
Answers: 1

Other questions on the subject: Business

image
Business, 22.06.2019 11:30, barn01
17.     chef a says that garnish should be added to a soup right before serving. chef b says that garnish should be cooked with the other ingredients in a soup. which chef is correct? a. chef a is correct. b. both chefs are correct. c. chef b is correct. d. neither chef is correct. student c   incorrect which is correct answer?
Answers: 2
image
Business, 22.06.2019 21:20, haileymaree
1. what are the unique operational challenges to delivering fresh meals? 2. why is speed of delivery so important for delivered meals? what variety of options contribute to this performance metric? 3. how could operations management concepts be utilized to improve the performance of freshly? 4. what are your typical product delivery times? what would be required to speed these up? 5. what are your delivery batch quantities? how could you reduce batch size and reduce delivery cost simultaneously using operations management concepts?
Answers: 2
image
Business, 22.06.2019 21:30, isabellesmith51317
Zara, a global retail and apparel manufacturer based in spain that has successfully implemented this idea by having a continuous flow of new products that are typically limited in supply. zara has created a system that draws its clientèle into its stores, on average, 17 times per year as compared to 4 times per year for most stores. how is zara using it to gain competitive advantage? what specific technologies are used by zara to maintain this advantage over its competition?
Answers: 3
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?
For its first year of operations, Tringali Corporation's reconciliation of pretax accounting income...

Questions in other subjects: