Buffalo Corp. has a deferred tax asset account with a balance of $78,600 at the end of 2019 due to a single cumulative temporary difference of $393,000. At the end of 2020, this same temporary difference has increased to a cumulative amount of $490,000. Taxable income for 2020 is $760,000. 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. (a) Record income tax expense, deferred income taxes, and income tax payable for 2020, assuming that it is more likely than not that the deferred tax asset will be realized.
(b) Assuming that it is more likely than not that $46,040 of the deferred tax asset will not be realized, prepare the journal entry at the end of 2020 to record the valuation account

When an interest-bearing note comes due and is uncollectible, the journal entry includes debitingaccounts receivable and crediting notes receivable and interest revenue. accounts receivable and crediting interest revenue. notes receivable and crediting accounts receivable and interest revenue. notes receivable and crediting accounts receivable.

An important application of regression analysis in accounting is in the estimation of cost. by collecting data on volume and cost and using the least squares method to develop an estimated regression equation relating volume and cost, an accountant can estimate the cost associated with a particular manufacturing volume. consider the following sample of production volumes and total cost data for a manufacturing operation. production volume (units) total cost ($) 400 4000 450 5000 550 5400 600 5900 700 6400 750 7000 compute b 1 and b 0 (to 2 decimals if necessary). b 1 b 0 complete the estimated regression equation (to 2 decimals if necessary). = + x what is the variable cost per unit produced (to 1 decimal)? $ compute the coefficient of determination (to 4 decimals). note: report r 2 between 0 and 1. r 2 = what percentage of the variation in total cost can be explained by the production volume (to 2 decimals)? % the company's production schedule shows 500 units must be produced next month. what is the estimated total cost for this operation (to 2 decimals)? $

Determine the hrm’s role in the performance management process and explain how to ensure the process aligns with the organization’s strategic plan.