Answer:
correct option is (A) A deferred tax liability of $16 among noncurrent liabilities.
Explanation:
solution
pretax account income = $200
overweight fines= $5
understate depreciation = 110 - 70 = $40
so total taxable income is = $200 - $5 - $40
total taxable income is = $165
and
income tax is = 40% of $165
income tax = $66
and
income tax expense as per book is = 40 % of ( 200 + 5 )
income tax expense as per book is = $82
so deferred tax liability among non current liability is = $82 - $66 = $16
so correct option is (A) A deferred tax liability of $16 among noncurrent liabilities.
Leadership skills,knowledge of a foreign language
Answer:
The independent cases not given in the question are:
a. Case A: Market interest rate (annual): 4 percent.
b. Case B: Market interest rate (annual): 6 percent.
c. Case C: Market interest rate (annual): 8.5 percent.
At 4% issue price is $583,502.44
At 6% issue price is $501,500.00
At 8% issue price is $433,344.51
Explanation:
The price of the bond can be computed using the pv value formula in excel.
=pv(rate,nper,pmt,fv)
rate is the market interest given in the three cases divided by since the bond is a semi-annual interest paying bond. for example 4%/2=2%
nper is the time to maturity multiplied by 2 i.e 10*2=20
pmt is the coupon interest receivable by investor semi-annually which is 6%/2*$501,500=$15045
fv is the face value at $501,500
at 4%
=pv(2%,20,15045,501500)
=$583,502.44
at 6%
=pv(3%,20,15045,501500)
=$501,500.00
At 8%
=pv(4%,20,15045,501500)
=$433,344.51
Jacob owns a policy that pays a death benefit only if he dies within the 20-year policy period. if jacob dies anytime that the policy is in force, his beneficiary will receive $100,000. the premium that jacob pays for this policy will be the same throughout the 20-year policy period. jacob owns A level term policy.
A purposeful set of rules designed to direct behavior and produce logical results is called a policy. A policy is a declaration of intent that is carried out through a method or protocol. Typically, a governance board inside a company adopts policies. Both subjective and objective decision-making can benefit from policies.
A government or other institution's policy may be a legislation, rule, process, administrative decision, inducement, or voluntary practice. Resource allocations frequently reflect policy decisions. Policies in many different industries can affect health.
Learn more about policy here
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Answer:
$726,100
Explanation:
Preparation of the operating activities section of the 2021 statement of cash flows.
Cash Flow from Operating Activities
Net Income $634,000
Adjustments:
Depreciation and amortization $89,000
Changes in operating asset and liabilities
Decrease in Account receivable $24,000
Increase in Inventory $ (9,400)
Increase in Prepaid expenses $ (8,700)
Increase in Salaries payable $10,200
Decrease in Income tax payable $ (13,000)
Operating activities $726,100
Therefore the operating activities section of the 2021 statement of cash flows will be $726,100
