Answer:
There should be $3668 as balance in the Kent's deferred tax liability account .
Explanation:
A deferred income tax liability is that type of liability which a firm records in its balance sheet because the income which firm has recorded in its book is more than the actual tax which a firm has to pay.
For calculating the deferred tax liability here we will multiply the given tax rate to the cumulative taxable amounts which all are from depreciation temporary differences and take their difference as deferred tax liability.
DEFERRED TAX LIABILITY =
$26,700 X 28% - $13,600 x 28%
= $7476 - $3808
= $ 3668
Answer:true
Explanation:
Being a millennial, he ought to have gathered enough experience even before joining the new company. Mr Blake to have gotten to the fleet of millennial would be able to think critically to access the customers online and also evaluate them.
Answer:
The correct answer is letter "D": Criterion-related validation.
Explanation:
Criterion-related validation is a reliability test that measures certain inputs in an attempt of predicting the performance of other groups of individuals who will be measured under the same criteria. The measure obtained in the first evaluation is called the predictor variable or estimator. Intelligence Quotient (IQ) tests are typical examples of the use of criterion-related validation methods.
Answer:
Explanation:
Available for sale securities are required to be reported at fair value.
Hence the difference between amortized cost and fair value is required to be transferred to other comprehensive income.
The amount of credit loss that Marin should report on this available for sale security at 31-12-2020
= $52,000 - $44,000
= $8,000
<span>The answer is A. Communism is an ideology where the state is
the one who rules. It is a totalitarian
form of government where individuals serve the Communist state and promote its
ideology. It runs counter to American
values because in a democratic society, people have the right to be what they
want to be as well as express their opinions and ideas even if it means
criticizing the government which cannot be done in Communism. Americans also value the right to accumulate
wealth whereas Communism is against any form of capitalism. Everybody gets the same thing no more and no
less. In a Democratic-capitalist
society, you the right pursue your dreams as well as accumulate wealth so long
as it is done with the laws.</span>