Answer:
$1,260,000 Asset
Explanation:
The amount that Kerry Corp should report is as follows:
Amount to be reported = $3,600,000 * 35% = $1,260,000 asset.
Deferred tax arises because of temporary differences which results in future deductible amount. Future deductible amount leads to reduce taxable income and will provide future economic benefits of the company.
The answer is Equity Index Insurance. The equity index insurance is a stable life insurance policy that allows policyholders to tie build-up values to a stock market index. The indexed universal life insurance policies characteristically comprise a minimum definite fixed interest rate constituent along with the indexed account selection. The equity index insurance work as the total sum of cash value is accredited with interest founded on increases in an equity index but it is not openly capitalized in the stock market. Some policies permit the policyholder to select numerous index
Answer: The correct answer is "(A) Materiality.".
Explanation: The concept demonstrated is Materiality because by having a mechanism for preventing bad accounts through their strict requirements, they only recorded bad accounts when they actually existed, instead of making a provision.
<span>What is productive efficiency? A situation in which resources are allocated such that goods can be produced at their lowest possible average cost.
The resources are wanting to be used at the lowest possible average cost so that companies aren't having to give up the production of another item to produce that one. Being efficient while still maintaining good quality is the overall goal of productive efficiency.
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Answer:
The correct answer is letter "B": expresses items as a percentage of net sales.
Explanation:
A Common Size Income Statement reflects a percentage of net sales for each account. Common size income statements are basic tools that a business owner may use to compare the performance of his company to rivals or to compare the company to industry averages. Each line in this type of income statement is displayed as a percentage of revenue or sales and the amounts are compared to past performances which allow to observe the different values easily.
