Temporary differences arise when there is a difference between the tax base and the carrying amount of assets and liabilities. Permanent differences are differences between the tax and financial reporting of revenue or expense items which will not be reversed in future.
<h3>What do you mean by temporary differences?</h3>
Temporary differences are defined as being differences between the carrying amount of an asset or liability in the statement of financial position and its tax base (ie the amount attributed to that asset or liability for tax purposes).
<h3>What causes a temporary difference?</h3>
Thus, when the tax bases are indexed for inflation, temporary differences arise as a result of the change in tax basis and those differences give rise to deferred taxes under ASC 740-10-25-20(g).
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Answer:
The correct answer is C. the change in output that a firm produces as a result of hiring one more worker.
Explanation:
The marginal productivity is the variation that the production of a good experiences when increasing a unit of a productive factor of the same, remaining the rest constant.
It is an economic index that is used to express and measure changes in the result of a productive process once the variables that affect it change. That is, the productive factors. This measure expresses the variations and intensity of these in the face of changes in productive elements, thus deciphering the importance of each one of them for the total calculation.
I think it “A law of demand”?
Answer: discloses contribution margin in the body of the statement.
Explanation:
The Cost Volume Profit (CVP) income statement is made to better show the influence of variable costs and fixed costs on income. It as well shows the effects that changing costs and production volume can have on the income.
Although it shows the same income as a traditional income statement, the format is different in that the contribution margin is included in the statement and the costs and revenue per unit are shown as well.
Answer:
$3.10 ; $2.10 and $14.20
Explanation:
The computation of the activity rates is shown below:
For Activity 1
= Budgeted cost ÷ Total budgeted activity of cost driver
= $94,550 ÷ (18,200 + 8,100 + 4,200)
= $94,550 ÷ 30,500
= $3.10
For Activity 2
= Budgeted cost ÷ Total budgeted activity of cost driver
= $53,550 ÷ (7,100 + 13,200 + 5,200)
= $53,550 ÷ 25,500
= $2.10
For Activity 3
= Budgeted cost ÷ Total budgeted activity of cost driver
= $59,995 ÷ (1,175 + 1,000 + 2,050)
= $59,995 ÷ 4,225
= $14.20
