Answer:
b. companies can use accounting methods that minimize net income for tax purposes and other methods that maximize net income for reporting to shareholders.
As they use a basis for accounting and prepare the financial statement temporary difference arise which, are settled overtime as in the end both, tax basis and accounting basis much get the same income
The most common example is depreciation if a company uses S179 and depreciate the entire of the asset purchase next year, while the accounting will have a depreciation expense associate with the equipment for tax purposes this assets basis is zero as it was completely depreciate thus, it will have a higher income making more tax payable than accounting income tax expense.
Explanation:
a. corporations often make errors in their tax estimations.
While this can occur is not the reason for deferred income taxes
c. the IRS owes a company a refund from last year.
No, the refund will not generate deferrd income tax It will be a receivable for the company.
d. large corporations generally have operations in foreign countries whose tax law is quite different from U.S. tax
While corporations do operate in foreing countries these doesn't necessary generate deferred taxes. Difference arise when the company uses a different method in his accounting than the State to determinate the tax basis.
Explanation:
marketing about selling produktivitas
Devon is in the <u>"stage evaluation of alternatives" </u>of the buyer decision process.
At this stage, consumers assess distinctive items/marks based on fluctuating item properties, and whether these can convey the advantages that the clients are seeking. This stage is vigorously affected by one's demeanor, as "state of mind places one out of a temper: enjoying or despising a protest, moving towards or far from it". Another factor that impacts the assessment procedure is the level of inclusion. For instance, if the client inclusion is high, at that point he/she will assess various brands; while in the event that it is low, just a single brand will be assessed.
Answer:
Entries are given
Explanation:
Fire policy will be debited as it is an asset for the company. Depreciation is always debited as it is a non-cash expense and accumulated depreciation will be credited related to the equipment depreciated. Revenue will be recognized to the extent of value the company has provided as a service or a product.
DEBIT CREDIT
Fire policy $4,000
cash $4,000
Depreciation expense $12,500
Accumulated depreciation (equipment) $12,500
Cash $4.000
Revenue $2,000
Unearned revenue $2.000
