C. organize the stacks of paper
Answer:
$42,000
Explanation:
Deferred tax liability can be defined as the tax liability which has been due for the current period but has not yet been paid such as installment sales receivable.
Insurance expense of $210,000
Tax rate of 20%
( $210,000 × .20 )
=$42,000
Therefore the amount of the deferred tax liability at the end of 2021 will be $42,000
D would be the correct answer
Answer:
C. June 15, 2020
Explanation:
Generally, soldiers are granted an automatic extension if they are deployed in a combat zone until the day that they return from there. But if the soldier returned before the tax year was over (in this case, March 31, 2019), he/she is required to file his/her taxes by June 15 of the next year. Other exceptions would include if the soldier had been injured and wasn't able to file taxes on time, the extension applies for the whole time he/she is hospitalized. .
This is a territorial restriction.
It even says in the text - territorial restriction refers to when a certain company forbids another company to sell its products in a certain location, because it will interfere with the first company's profits. The same thing happened here, because they don't want any competition on the market.