Answer:
$225
Explanation:
Calculation to determine what amount of deferred tax liability should Nolan Company show on its December 31, 2021 balance sheet:
Deferred tax liability =[ ($450/ 3) *50%]+ [($450 / 3 * 2) * 50%]
Deferred tax liability=$75+$150
Deferred tax liability = $225
Therefore the amount of deferred tax liability should Nolan Company show on its December 31, 2021 balance sheet is $225
Answer:
Production of consumer goods will be reduced
Explanation:
A Production possibility curve depicts all the possibilities of production of two goods in an economy wherein to produce an extra unit of one good, some part of production of second good needs to be sacrificed.
If an economy produces only two kinds of goods such as military goods and consumer goods, extra production of any of the two would require a corresponding sacrifice of the other. This points towards opportunity cost.
A typical production possibility curve is concave to the origin depicting opportunity cost.
If an economy decides to produce more of military goods with available resources remaining constant, it can only be achieved by sacrificing on the production of consumer goods.
Thus, production of consumer goods will reduce if more military goods are produced.
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<span>A.
constructive direction.</span>
