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valentinak56 [21]
4 years ago
11

Which of the following items is not considered evidence in determining if a valuation allowance is necessary? A. A cumulative bo

ok loss over some period of time.B. Management projects future taxable income based on a backlog of signed contracts.C. A net operating loss expired unused in the current year.D. Management can implement a tax strategy to create future taxable income, but it will be detrimental to the future profitability of the company.
Business
1 answer:
tatyana61 [14]4 years ago
8 0

Answer:

Management can implement a tax strategy to create future taxable income, but it will be detrimental to the future profitability of the company.- D.

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Goodwill is a. Seldom reported because it is too difficult to measure. b. Generally smaller for small companies and increases in
cluponka [151]

Answer:

(C) Reported when the fair value of the acquiree is higher than the fair value of the net identifiable assets acquired. 

Explanation:

Through accounting, goodwill is an intangible asset that occurs when an investor acquires an existing business. Goodwill includes properties which can't be identified separately.

Goodwill is reported when a business acquires (purchases) another firm and the purchase price exceeds the fair value of the measurable tangible and intangible assets purchased, minus the expected liabilities.

3 0
3 years ago
The bookkeeper for Concord Corporation asks you to prepare the following accrued adjusting entries at December 31.
mario62 [17]

Answer:

No  Date    Account Titles and Explanation       Debit     Credit

1.  Dec. 31   Interest expenses                               $400

                           Interest payable                                        $400

                  (To record interest due on notes)

2. Dec. 31   Account receivable                             $2,000

                             Service revenue                                      $2,000

                  (To record the service revenue earned)

3. Dec. 31   Salaries and wages expenses            $670

                              Salaries and wages payable                 $670

                   (To record the alaries and wages expenses)

5 0
3 years ago
Prove that with a positive linear transformation of leaf values, the move choice remains unchanged in a game tree with chance no
WITCHER [35]
Base on research and further investigation, the positive linear transformation of leaf, and the move choices remains unchanged in a game tree with chance nodes is x to ax+b where as a is greater that 0. I hope you are satisfied with my answer and feel free to ask for if you have questions and further clarifications 
6 0
4 years ago
Suppose that furniture production encompasses the following stages: Stage 1: Trees are sold to lumber company. $1,000 Stage 2: L
g100num [7]

Answer:

a)

<em>The value added at each stage</em>

Stage                          Value added($)

1                                   1000

2   (2000-1000) =         1,000

3   (6,000- 2000) =      4,000

4    (10,000 - 6,000) =   4,000

b)

The amount by GDP is increased = $10,000

c) Reduce GDP

Explanation:

Gross domestic product (GDP) which is the total market value of all the final goods and services produced in a country over a given period of time. The GDP can be calculated using the value added approach.

Here the GPD figure is ascertained by summing the amount of additional value created by each factor of production at each stage of the production process of the final product.

a)

<em>The value added at each stage</em>

Stage                          Value added($)

1                                   1000

2   (2000-1000) =         1,000

3   (6,000- 2000) =      4,000

4    (10,000 - 6,000) =   4,000

b)

The amount by GDP is increased = $10,000 which is the total value added or the market value of the final goods

c)

If the lumber were imported it would be deducted from the value of export and thus reduce GDP.  Remember that GDP is the market value of all good and service produced within a given country over certain period of time .

3 0
3 years ago
Read 2 more answers
What will be the expected return if the individual reduces the holdings of the AT&amp;T stock to 15 percent and puts the funds i
MArishka [77]

Answer:

the expected return is 10.9%

Explanation:

The computation of the expected return is shown below:

= expected return × weightage

= 0.16 × 0.35  + 0.15 ×  0.10 + 0.12 ×  0.15 +  0.05 × 0.40

= 0.056 +  0.015  + 0.018 + 0.020

= 10.9%

Hence, the expected return is 10.9%

We simply applied the above formula so that the correct value could come

And, the same is to be considered

6 0
3 years ago
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