Answer:
Because if you were robbed and you wanted to show the police the items you lost you could present to them those photos.
If you were also renting out a room to someone and they went snoopin around and broke or stole some of those possessions you can have evidence in court.
Hope it helps! :)
Answer:
Moon light Bay Resorts would report in the balance sheet December 31, 2021 ; non current deferred tax asset of $102 million and non current deferred tax liability of $208 million .
Explanation:
From the above question, we are to determine if Moon Light Bay Resorts should report as assets (Current or non current) or liabilities (Current or non current) in its balance sheet as at 31st December, 2021.
The items are also classified in the balance sheet as seen below;
Total deferred tax liability ($128 million + $80 million) = $208 million
(Deferred tax liabilities related to both current or non current assets)
Total deferred tax asset ($62 million + $40 million) = $102 million
The net deferred tax liability = $106 million ($200 million - $102 million)
