Answer:
<u>Ebony Interiors</u>
<u>Balance Sheet as at February 28, 20Y3</u>
Total Assets $1,150,000
Total Liabilities $310,000
Total Equity $840,000
Total Equity and Liabilities $1,150,000
Mackenzie manages at Kohlberg's conventional level of personal moral development.
Answer:
Dr Deferred Tax Liability $3,750,000
Cr Income Tax Benefit-Operating Loss $3,750,000
Explanation:
Based on the information given we were told that net operating loss of the amount of $15 million was reported for financial reporting and tax purposes in which the tax rate is 25%. Therefore the journal entry to recognize the income tax benefit of the net operating loss will be :
Dr Deferred Tax Liability $3,750,000
Cr Income Tax Benefit-Operating Loss $3,750,000
($15 million *25%)
Answer:
the answer is Ethical Compliance po
Explanation:
Answer:
The correct answer is letter "A": Individuals tend to gamble more with their money when the future is uncertain.
Explanation:
Risk aversion in Finance describes an investor who is just willing to accept a small level of risk on his investments. A risk-averse investor likes less risk and is prepared to accept fewer returns because of his choice. In a few words, risk aversion represents the likelihood investors prefer to secure their investments instead of risking more expecting higher returns.
Thus, <em>individuals gambling more when the future is uncertain reflects an opposite scenario to risk aversion.</em>
