Answer:
$57,600
Explanation:
The computation of the increase in Piper's deferred income tax liability for this temporary difference is shown below:-
Purchase of voting Common stock of Betz inc. by Piper Corp.= ( Betz's reported earnings - Betz Paid Dividends ) × (Percentage of the voting Common stock of Betz inc.)
= ($720,000 - $240,000) × 40%
= $480,000 × 40%
= $192,000
Now, the rise in Piper's deferred income tax liability for this temporary difference is
Purchase of voting Common stock of Betz inc. by Piper Corp. × enacted tax rate
= $192,000 × 30%
= $57,600
Answer:
We have to select the supply curve graph that correctly depicts the situation.
I have provided the graphs in the attachment below.
The correct answer is the graph C
Explanation:
When factors other than price increase the supply of a good, the supply curve shifts to the left. Mechanical refrigeration is an advance in technology that increases the amount of dairy products that producers can supply at any given price, therefore, the supply curve shifts to the right.
Demand stays the same, and benefits from lower prices (and from smaller fluctuations in price).
Answer:
இ௰இ
Dam i only have the old cd.. i dont get updates
Explanation:
The Answer Is...
T. (True)
Glad I Could Help, And Good Luck!
Answer:
Explanation:
In this question, we assume that the financial year is the calendar year
The financial year is remaining for 5 months whereas the calendar year is remaining for 6 months
So for 5 months, the rent would be treated as income
And for 1 month, it would be treated as a liability
If the appropriate adjusting entry is not made.
So, the effect would be
(a) Income statement account = Revenue is overstated, expense = no effect
(b) Net Income = Since revenue is overstated, so net income is also overstated
(c) Balance Sheet account = Assets = no effect, liabilities = understated and retained earnings = overstated