Answer: See explanation
Explanation:
a. Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2020.
Debit Income Tax Expense $40400
Debit Defered Tax Asset $7070
Credit Income Tax Payable $19190
Credit Defered tax liability $28280
(To record income tax expense and defered tax/liability).
Note that:
Income Tax Expense was gotten as:
= $202,000 × 20%
= $202000 × 0.2
= $40,4000
Income Tax Payable was gotten as:
= $95,950 × 20%
= $95950 × 0.2
= $19,190
2. Prepare the income tax expense section of the income statement for 2020.
Income statement for year ended 31 December 2020
Income before tax = $202000
Less: Income Tax expense - Current = $19190
Less: Income Tax expense - Defered = $21210
Net income = $161600
The semi annual interest payment on a $10,000 5% bond would be $250
Answer:
Nike as a brand is making the use of Marketing mix to communicate a objective of high quality sport brand.
Explanation:
- The aim of the marketing mix s the right combination of product, place, promotion, and price, etc. It is done so that the company can have an advantage over the competitors. It's a set of controllable and tactile marketing tools.
Answer:
<u>Letter D is correct.</u> It is the value of the unpaid balance on an annuity at the specified point in time.
Explanation:
An ordinary annuity is the making of fixed payments over a fixed period of time. To specify the value of an annuity present in an ordinary annuity, one must know the established interest rates. When interest rates are higher, the present value of the ordinary annuity is reduced, and when interest rates are lower the present value is higher.
The name which is given to the session that is a continuous discussion to <em>bring out</em> innovative ideas from employees is called:
According to the given question, we are asked to state the name which is given to the session that is a continuous discussion to <em>bring out</em> innovative ideas from employees.
As a result of this, we can see that when a group of workers sit down together to bring out a new idea that would be innovative to their company, then we can say that they are brainstorming because they bring ideas that would improve overall business and profit
Read more here:
brainly.com/question/20482811
