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notka56 [123]
1 year ago
11

What does application architecture describe? choose all that apply.

Arts
1 answer:
Lostsunrise [7]1 year ago
5 0

Answer: An application architecture describes the patterns and techniques used to design and build an application. The architecture gives you a roadmap and best practices to follow when building an application, so that you end up with a well-structured app. Software design patterns can help you to build an application

Explanation:

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Marigold Inc. incurred a net operating loss of $482,000 in 2020. The tax rate for all years is 20%. Assume that it is more likel
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The journal entry for Marigold Inc. at the end of 2017 to record carryback is as follows:

<h3>Journal Entry:</h3>

Debit Income Taxes Receivable $72,000

Credit Benefit Due to Loss Carry back $72,000

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<h3>Data and Calculations:</h3>

Operating loss in 2017 = $482,000

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Tax expenses for 2015 and 2016 = $72,000 ($360,000 x 20%)

<h3>Complete Question:</h3>

Marigold Inc. incurred a net operating loss of $482,000 in 2017. The combined income for 2015 and 2016 was $360,000. The tax rate for all years is 20%. Marigold elects the carryback option. Assume that it is more likely than not that the entire net operating loss carryforward will not be realized in future years.

Prepare the journal entry at the end of 2017 to record carryback.

Learn more about carryback loss at brainly.com/question/20722374

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