![subject](/tpl/images/cats/ekonomika.png)
Business, 05.03.2021 23:00 prishapup27
Ivanhoe Corp. has a deferred tax asset account with a balance of $72,800 at the end of 2019 due to a single cumulative temporary difference of $364,000. At the end of 2020, this same temporary difference has increased to a cumulative amount of $416,000. Taxable income for 2020 is $762,000. The tax rate is 20% for all years. No valuation account related to the deferred tax asset is in existence at the end of 2019.
Required:
a. Record income tax expense, deferred income taxes, and income taxes payable for 2020, assuming that it is more likely than not that the deferred tax asset will be realized.
b. Record income tax expense, deferred income taxes, and income taxes payable for 2017, assuming that it is more likely than not that none of the deferred tax asset will be realized.
![ansver](/tpl/images/cats/User.png)
Answers: 3
![](/tpl/images/ask_question.png)
![](/tpl/images/ask_question_mob.png)
Other questions on the subject: Business
![image](/tpl/images/cats/ekonomika.png)
![image](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 11:00, mateoperkins
What is the advantage of developing criteria for assessing the effectiveness of business products and processes? a. assessment criteria are answers. b. assessment criteria are inexpensive. c. assessment criteria provide you with a list of relevant things to measure. d. assessment criteria provide you with a list of people to contact to learn more about process mentoring.
Answers: 3
![image](/tpl/images/cats/ekonomika.png)
Business, 23.06.2019 04:40, blakemccain1928
What are the advantages and disadvantages for an individual who accepts a job as a human resource manager in a firm that is in the midst of a retrenchment corporate strategy? a reactor business strategy?
Answers: 3
![image](/tpl/images/cats/ekonomika.png)
Business, 23.06.2019 12:30, kkruvc
Ricardo is sure he has what it takes to succeed in the food business, but because he lacks management experience, he wants one that will provide the most training and support. which of these possibilities would be his best choice? a. subway b. old macdonald's bed and breakfast c. fuzzy's tavern d. ricardo's café
Answers: 1
You know the right answer?
Ivanhoe Corp. has a deferred tax asset account with a balance of $72,800 at the end of 2019 due to a...
Questions in other subjects:
![Konu](/tpl/images/cats/mat.png)
Mathematics, 12.11.2019 04:31
![Konu](/tpl/images/cats/fizika.png)
![Konu](/tpl/images/cats/istoriya.png)
![Konu](/tpl/images/cats/istoriya.png)
![Konu](/tpl/images/cats/mat.png)
![Konu](/tpl/images/cats/mat.png)
Mathematics, 12.11.2019 04:31
![Konu](/tpl/images/cats/mat.png)
![Konu](/tpl/images/cats/mat.png)
![Konu](/tpl/images/cats/mat.png)
Mathematics, 12.11.2019 04:31
![Konu](/tpl/images/cats/himiya.png)
Chemistry, 12.11.2019 04:31