Pretax accounting income for the year ended December 31, 2021, was $45 million for Truffles Company. Truffles' taxable income was $62 million. This was a result of differences between straight-line depreciation for financial reporting purposes and accelerated depreciation for tax purposes. The enacted tax rate is 20% for 2021 and 30% thereafter. What amount should Truffles report as the current portion of income tax expense for 2021

How supply and demand work together to reach the equilibrium price in the marketplace? give at least a paragraph. you!

Royal motor corp. generates a major portion of its revenues by manufacturing luxury sports cars. however, the company also derives an insignificant percent of its annual revenues by selling its sports merchandise that includes apparel, shoes, and other accessories under the same brand name. which of the following terms best describes royal motor corp.? a. aconglomerate b. a subsidiary c. adominant-businessfirm d. a single-business firm

True or false: suppose that the hypothetical country of paddyland has a chronic scarcity of rice, its staple grain. this implies that if paddyland has a market economy, rice will be available only for a price.