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.
Answer:
It is a winning strategy.
Explanation:
As a result of joint venture, after all the ups and downs, the company is in a strong financial position, as company is producing good profits. Also the company has great market position.
Once a great market position, the influence is spread in the market.
Further, in the given instance the company has failed to acquire the manufacturing company individually, but with joint venture, the company has now established connections not only in pharma sector but also in automobiles.
These things affect the company's position and then influence the market, attracting more customers for the product, and more investors for investment.
Therefore, it is a winning strategy.
<span>This illegal process is known as churning. By making trades over and over again, the stockbroker is receiving more commissions from all the trades, hurting the client. Churning can be thought of as continually turning over the contents of a portfolio.</span>
Answer:
C. innovative change
Explanation:
The type of changes that Ron Johnson implemented in order to make JCPenney hipper can be described as innovative change. This term refers to changing or reimagining something in a new, creative and unexpected way with the goal of being successfull by meeting existing market needs. Which is what Ron is trying to accomplish in this scenario.
