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Ivan
1 year ago
3

the gaap solution for avoiding distortions that would result from setting income tax expense equal to taxes owed is called:

Business
1 answer:
san4es73 [151]1 year ago
3 0

Interperiod Tax Allocated is the gaap solution for avoiding distortions caused by setting income tax expense equal to owed taxes.

Interperiod Tax Allocated is the gaap solution for avoiding distortions caused by setting income tax expense equal to owed taxes. The temporary difference between a business's normal financial reporting as required by an accounting framework like GAAP or IFRS and the effects of tax policy on that reporting is known as an interperiod tax allocation. An interperiod tax allocation, also known as a comprehensive tax allocation, is required to ensure that the obligation determined when calculating accounting income and the income tax expense shown in financial statements are in line. The interperiod allocation conforms to federal and state income tax regulations and Generally Accepted Accounting Principles.

To know more about Interperiod Tax Allocation, visit:-

brainly.com/question/24214956

#SPJ4

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Building a strong value structure foundation consists of
Evgesh-ka [11]

 

These are some values or actions, which creates a tough value structure foundation. If you are constructing a tough "value structure foundation" it comprises of pursuing to be a better person, collaborating positively, and being thoughtful to your audience or viewers.

<span> </span>

8 0
3 years ago
The exit-voice-loyalty-neglect (EVLN) model Multiple Choice outlines the four consequences of emotional intelligence. is a templ
dezoksy [38]

Answer:

is a template for organizing and understanding the consequences of job dissatisfaction.

Explanation:

From it's name, the EVLN tells us four ways that Employees respond when they are dissatisfied with their job.

E stands for Exit which means going elsewhere to look for other job opportunities, it means leaving the organization or transferring to another unit.

V stands for Voice which means trying to change the situation of things rather than escaping from that dissatisfying situation. It can be constructive or destructive.

L stands for Loyalty such Employees in this category respond to dissatisfaction by waiting patiently for the issue to be solved out with time or by other.

N stands for Neglect which means putting in less work, reducing quality and also acts of absenteeism and lateness.

4 0
3 years ago
Monique's Unique Boutique sells clothing from around the world in the U.S. Monique regularly travels overseas to find the best a
Jobisdone [24]

Answer:

The correct answer is letter "B": importer.

Explanation:

Importing implies the act of buying goods from foreign countries to use them or resell them domestically. Imports take place when those goods are typically rare or scarce in the country where the goods are going to be used. Most imports include <em>technological products, raw materials, </em>and <em>clothing</em>.

4 0
3 years ago
Andersen's Nursery has sales of $318,400, costs of $199,400, depreciation expense of $28,600, interest expense of $1,100, and a
CaHeK987 [17]

Answer:

$34,645

Explanation:

Given that,

sales = $318,400

costs = $199,400

depreciation expense = $28,600

interest expense = $1,100

Tax rate = 35 percent

Dividends paid = $23,400

Profit before tax:

= Sales - cost - Depreciation - Interest

= $318,400 - $199,400 - $28,600 - $1,100

= $89,300

Profit after tax:

= Profit before tax (1 - Tax rate)

= $89,300 (1 - 0.35)

= $89,300 × 0.65

= $58,045

Therefore, the addition to retained earnings

= Profit after tax - Dividend paid

= $58,045 - $23,400

= $34,645

6 0
3 years ago
Though many aspects of private life and community life differ from culture to culture, in most developed countries business is c
Llana [10]

Answer:

Though many aspects of private life and community life differ from culture to culture, in most developed countries business is conducted in more or less the same way?

Successful businesses in developed countries are conducted in more better ways as a result of active policies that allows business to grow also consumers actions at the market are always top-notch which enables suppliers to give more output in order to make more profit  

Explanation:

5 0
4 years ago
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