Answer:
$1,200,000
Explanation:
Estimated Letigation Expenses 4,000,000.00
Tax Rate 30%
Deferred Tax Assets 1,200,000.00
Estimated Litigation Expenses which is disallowed for tax purposes will be future deductible expenses when we will make the actual payment of the liability. So the Tax liability in the future year will decrease, so we will make the Deferred Tax Assets for this.
Therefore, The deferred tax liability to be recognized is 1,200,000
Preventative hazard administration packages furnish larger perception into insurance, indemnity and legal responsibility troubles and enable the organization to higher focus and structure its inquiry.
<h3>What are the advantages of threat management in an organization?</h3>
Benefits of threat management consist of the following:
multiplied attention of threat throughout the organization;
greater confidence in organizational objectives and goals due to the fact threat is factored into strategy;
higher and more efficient compliance with regulatory and interior compliance mandates due to the fact compliance is coordinated;
<h3>What is the primary reason of risk management?</h3>
The purpose of hazard management is to discover conceivable issues before they occur, or, in the case of opportunities, to attempt to leverage them to cause them to occur. Risk-handling activities may additionally be invoked at some stage in the existence of the project.
Learn more about risk management here:
<h3>
brainly.com/question/17175271</h3><h3 /><h3>#SPJ4</h3>
Answer: False
Explanation:
The revenue account for a Retail Merchandising Business is also known as the Sales Account.
When goods are sold they are credited to the Sales Account and it is no different here.
Therefore, When a Retail Merchandising Business sells goods to a customer the amount of the sold merchandise is credited to the Sales Account which makes the above statement false.
Answer:
b. plus any subsequent processing cost.
Explanation:
In the case of the acceptable costing method for by-products the inventory cost that are depend upon the joint cost should be distribution to the by-product plus if there is any processing cost
that means
Inventory cost of the bu-product = joint cost + processing cost
Therefore the same should be considered