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marta [7]
3 years ago
12

At December 31, year 3 , Bren Co. had the following deferred income tax items: • A deferred income tax liability of $15,000 rela

ted to a noncurrent asset. • A deferred income tax asset of $3,000 related to a noncurrent liability. • A deferred income tax asset of $8,000 related to a current liability. Which of the following should Bren report in the noncurrent section of its December 31, year 3 balance sheet?​(A) A noncurrent asset of $3,000 and a noncurrent liability of $15,000.(B) A noncurrent liability of $4,000.(C) A noncurrent liability of $12,000.(D) A noncurrent asset of $11,000 and a noncurrent liability of $15,000.
Business
1 answer:
ahrayia [7]3 years ago
8 0

Answer:

(B) A noncurrent liability of $4,000

Explanation:

The non-current liability in respect of deferred tax shall be recognised in the accounts of Bren Co. as at December 31 as follows:

Deferred income tax liability related to non-current assets= $15,000

Deferred income tax asset related to non-current liability = ($3,000)

Deferred income tax asset related to current liability         = ($8,000)

Deferred income tax liability to be recorded at year end   = $4,000

So based on the above discussion the answer is (B) A noncurrent liability of $4,000

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Corporation has found that ​% of its sales in any given month are credit​ sales, while the remainder are cash sales. Of the cred
Reika [66]

Answer:

Some information is missing, specifically the % of credit sales. Similar questions use 80%, so I will use that %. Also, November sales were $85,000 and December sales were $115,000.

<h2>                               <u>Cash collections budget</u></h2>

                                                January              February             March

Cash sales                               $30,000            $26,000              $35,000

Collection from Nov. sales      $16,320

Collection from Dec. sales     $36,800             $22,080

Collection from Jan. sales      $24,000            $48,000              $28,800

Collection from Feb. sales                                $20,800               $41,600

<u>Collection from March sales                                                          $28,000</u>

Total cash collections            $107,120             $116,880             $133,400

3 0
3 years ago
​Which of the following statements is most accurate? Group of answer choices ​Multimedia presentations are no longer used in the
Aleksandr-060686 [28]

Answer:

The Correct Statement is the Second Statement. Effective speaker look consider the nature and the needs of audience and then decide the type of visual aid.

Explanation:

Multimedia slides are extremely useful, and often helps in various ways to deliver your message. There is no doubt in it.

However, you can't say multimedia slides are the "one best way" to present.

In certain cases, depending on the audience, you might not need and multimedia slide at all!

Maybe you'll just have to use your body language, act out a drama or even sing a song to convey the message to the audience.

And apart from that, it the times of technical failures, where you cannot use the computer or any electrical devices, you'll have to use traditional methods too.

Moreover, if the audience is not "tech-savvy" and are more of a traditional nature, then traditional or pen and paper based methods might just work out!

5 0
3 years ago
A local sports team sends out messages to cell phones of loyal fans informing them about a tailgate event before the next home g
Sedbober [7]

Answer:

A. limited details of offer

Explanation:

The offer is strong as it reaches only the persons that are fans and will be more interested in this event. The only particular reason for this offer to fail is that the message won't contain enough information about the event and this will lose the attention of the fans.

7 0
3 years ago
If the lowest-paid employee earned $15,000 a year, what would the maximum salary be for the highest-paid manager under the 7-to-
romanna [79]

Under the 7-to-1 rule, the maximum salary that would be paid to the highest-paid manager is $105,000.

Data and Calculations:

Lowest-paid employee's annual earnings =$15,000

Maximum-Minimum Salary Rule = 7-to-1

The maximum salary paid to the highest-paid manager = $105,000 ($15,000 x 7).

Thus, the maximum salary paid to the highest-paid manager under the company's 7-to-1 rule is $105,000.

Learn more: brainly.com/question/3854368

4 0
2 years ago
The following account balances are taken from the December 31, 2018, financial statements of ABZ Advertising Company. The compan
miss Akunina [59]

Answer:

Check the explanation

Explanation:

Particulars                                                      Amt

Opening Cash                                               51907

Add: Cash Received (13400+4500)            17900

Less: Payment to supplier                            5500

Less: Operating Expenses Paid                   48950

Closing Cash Balance                                  15357

8 0
3 years ago
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