Answer:
The answer is: Stone can report $8,750 as deferred income tax liability
Explanation:
Deferred income tax liability: income tax owed by a business that is put off into future years because a difference exists between GAAP accounting (in this case book depreciation) and income tax accounting.
The deferred tax liability is based on the difference on depreciation. Since 20x9 is Stone Co.'s first year of operations, the depreciation difference in this year must equal the net future depreciation difference.
To calculate the deferred tax liability balance we take the difference in depreciation and multiply it by the future tax rate: $25,000 x 35% = $8,750.
Answer:
b. $5,000
Explanation:
<u>September 26th</u>
1,000 x 5 = 5,000 stock rights Investment
It receive 1,000 right at $5 dollars each the total is 5,000
This rights were detachable from the stocks, so they have a diferent account, they are independent from the common shares purchased on March 4th
I would say C.; because you can't be thinking bad stuff about yourself while trying to tell another person your qualities.
Hope this helps :)
Answer:
True
Explanation:
A disclaimer is a statement seeking to define the limits of a party's rights or obligation concerning a legally binding agreement. In a warranty disclaimer, the seller will include a statement that explains conditions or situations in which the warranty will not apply. The seller discharges themselves from any liabilities that the buyer may incur should an incident detailed in the warranty disclaimer arises.
Disclaimer warrants are allowed and legal. No law demands that the seller offer any form of warranty. However, a disclaimer warrant cannot be issued where an implied contract applies. For example, if you buy a fridge, you expect it to keep food items cold. A disclaimer statement in the sale of the fridge stating that the seller will be not responsible if the refrigerator cannot keep things at low temperatures is illegal.
