Question:
Davison Company determined that the book basis of its net accounts receivable was less than the tax basis of its net accounts receivable by $800,000 due to a difference in the allowance for bad debts account. This basis difference is characterized as:
A) Favorable permanent difference.
B) Unfavorable permanent difference.
C) Deductible temporary difference.
D) Taxable temporary difference.
Answer:
The correct answer is C) Deductible Temporal Difference
Explanation:
A deductible temporary difference is a temporary difference that will result in amounts that can be subtracted in the future when determining taxable profit or loss. A temporary difference is the variance between the carrying amount of an asset or liability in the balance sheet and its tax base.
The future tax deduction enabled by the writing off of bad debts creates a future tax benefit and is usually recorded on the balance sheet as a deferred tax asset.
Cheers!
Answer: The gate keeper
Explanation: The gate keeper in purchase decision making, is the individual who works directly for the decision maker. The gate keeper gives key advice to the decision maker when making purchase, to either make a deal or not.
The gatekeeper has the ability of stopping information about a product from getting to the key decision maker in purchase.
No it is not’ people say it’s real but no don’t believe that
Answer:
invest, save and make passive income
Explanation:
I think the best way to earn money is to invest even if you don't have money there are a lot of ways that you can earn starting from 0. if you made it in your first thousand I think it's the best if you save it from now and use it in future investment even if you have enough you can now earn and even hire people from your business (if you want to start one) and you can invest at the same time you can have now a passive income from your business adding that to your investment which you will earn more and grow your business.
Answer:
Net cash flow from operating activities
$1,599,000
Explanation:
Pharoah Company
Cash flow from operating activities :
Net income $1,300,000
Net Cash flow from operating activities:
Add depreciation $208,000
Add accounts receivable decreased $455,000
Less accounts payable decreased ($364,000)
Net cash flow from operating activities $1,599,000