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Nimfa-mama [501]
3 years ago
7

Times-Roman Publishing Company reports the following amounts in its first three years of operation:

Business
1 answer:
kolbaska11 [484]3 years ago
3 0

Answer:

Unearned subscription

2016 deferred tax asset

2017 deferred tax liability

2018 deferred tax asset

Explanation:

The balance sheet account is unearned  subscription which is a liability account,

It is a liability because the company already collected cass but is yet to provide the necessary services paid for the by the customers.

Earned subscription account is sales revenue account which is a profit and loss item.

                     ($'000)                    2016           2017               2018

taxable income                            $290           $220              $260

Pretax accounting income         ($250)         ($240)              ($230)

Deferred tax asset/(liability)        $40            ($20)               $30

When taxable income is more than pretax accounting income, the resulting effect is a deferred tax asset which shows that tax was charged on a higher taxable income which provides tax relief in future.

When pretax accounting income is higher,it implies that tax was calculated on a lower taxable income and that more tax would be incurred in the future when the temporary difference reverses.

                   

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A corporation declares a cash dividend on Friday, December 5th, payable to holders of record on Friday, December 19th. The local
andrew11 [14]

Answer: Thursday December 18

Explanation:

The ex date for regular way trades will be set at Thursday December 18. The ex date for regular way trades is typically set a day before the record date.

In this case, we are told that the corporation declares a cash dividend on Friday, December 5th, which was payable to the holders of record on Friday, December 19th.

Since the record date is the question is Friday, December 19th, then the ex date for the regular way trades will be set at Thursday December 18 which is a day before the 19th.

5 0
3 years ago
Adam was unable to finish high school because he needed to go to work to help his family financially. what type of influence doe
juin [17]

Adam was unable to finish high school because he needed to go to work to help his family financially. This forms a Non-formative type of influence

This is further explained below.

<h3>What is a Non-formative type of influence?</h3>

Generally, The term "nonnormative effects" refers to those that do not affect each member of a set in the same manner. Nonnormative suggests it does not affect everyone in the same way in the culture, while normative suggests it does (or not at all).

In conclusion,  Adam dropped out of school before he could graduate from high school because he had to start earning money to support his family. This is an example of a non-formative impact.

Read more about the Non-formative type of influence

brainly.com/question/6912636

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4 0
1 year ago
Barbara made a contract to sell a house to Bolton. The agreement stated that it was contingent upon the buyer being able to secu
Levart [38]

Answer and Explanation:

A due on sale clause is simply a stipulation in the mortagage agreement that the

"borrower if he wants to sell the property to some other person, first of all he (borrower) shall repay the entire outstanding mortagage amount and then only it is possible to sell the property which is secured under Mortagage agreement.

Hence in essence, the borrower must repay before selling it to some other person which will result in paying the sale proceeds of house to the lender first and the Borrower again has to take loan sometimes from the same lender.

Hence it is imperative that the mortagage obligation cannot be transferred to any other person. That is any subsequent buyer cannot ASSUME the mortagage. Therefore due on sale

Clause prevents assuming of mortagages.

6 0
3 years ago
Thomas had conducted a thorough pretest before the new ad campaign,so he was fairly sure the elements would work together.A lot
sergejj [24]

Answer:

C) tracking.

Explanation:

Since in the question, it is mentioned that Thomas has conducted a thorough pretest i.e prior to new ad campaign in order to work the elements together

Also he is monitoring the sales volume on a daily basis as it is part of his tracking which tracks the performance of the work so that he get to know how much work is completed and how much work is pending.

4 0
3 years ago
Ship A is 15 miles east of P and is moving west at 20 mph; ship B is 60 miles south of P and is moving north at 15 mph. At what
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Answer:

please \: refer \:  \:  to \: the \: attachment \: above

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5 0
2 years ago
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