1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Viefleur [7K]
2 years ago
14

Clydesdale Corporation has a cumulative temporary difference related to depreciation of $580,000 at December 31, 2017. This diff

erence will reverse as follows: 2018, $42,000; 2019, $244,000; and 2020, $294,000. Enacted tax rates are 34% for 2018 and 2019, and 40% for 2020. Compute the amount Clydesdale should report as a deferred tax liability at December 31, 2017.
Business
1 answer:
Goryan [66]2 years ago
5 0

Answer:

The amount Clydesdale should report as a deferred tax liability at December 31, 2017 is  $214,840

Explanation:

The computation of the deferred tax liability is shown below:

= 2018 difference × Enacted tax rates + 2019 difference × Enacted tax rates + 2020 difference × Enacted tax rates

= $42,000 × 34% + $244,000 × 34% + $294,000 × 40%

= $14,280 + $82,960 + $117,600

= $214,840

We considered the difference of each year and its enacted tax rates. Th depreciation is not relevant. Hence, we ignored it

You might be interested in
Before 1860, most of the U.S. population lived _____ and most workers _____ .
riadik2000 [5.3K]

Answer:

b. in rural areas; were self-employed.

Explanation:

Before 1860, most of the U.S. population lived Rural area and most workers were self-employed .

Before, 1860 or the pre civil war era most of the US rural only unlike today. The since, industrial revolutions in its fledgling stage. Most of the population was self employed.

6 0
3 years ago
The Unique Bookshelf Company is considering the purchase of a custom delivery van costing approximately $50,000. Using a discoun
Georgia [21]

Answer:

$1,200

Explanation:

Given that

Purchase of a customer delivery van = $50,000

discount rate = 20%

Present value of future cost savings = $51,200

Yield = 20%

Based on the above information, as per the net present value the initial cost of the equipment should not be more than the present value of cash inflows  i.e. $51,200

So the more than amount is

= $51,200 - $50,000

= $1,200

8 0
3 years ago
______ is when a firm enters a different business in which it can benefit from leveraging core competencies, sharing activities,
Ad libitum [116K]

The best description of the definition given above is Related diversification because it entails when a firm enters a different business in which it can benefit from leveraging core competencies, sharing activities, or building market power.

<h3>What is Related diversification?</h3>

Related diversification refer to a situation when a firm change into another new industry that is very similar with the firm's existing industry or industries

The benefit of related diversification is it allow the sharing of related resources and ensures profit of real diversification.

Therefore, Related diversification is when a firm enters a different business in which it can benefit from leveraging core competencies, sharing activities, or building market power.

Learn more on diversification from the link below.

brainly.com/question/417234

5 0
2 years ago
If disposable income increases by $5 billion and consumer spending increases by $4 billion, the marginal propensity to consume i
miss Akunina [59]

Answer: 0.8.

Explanation: um hm.

7 0
2 years ago
Read 2 more answers
A german toy company manufactures its products within u.s borders. if the company decides to downsize and cut production by half
kow [346]
If the company decided to have its production cut into half of its original value, this will most likely be causing the unemployment of those who originally stayed with the company because of the company will most likely decide to fire some of its people to cut costs. In this essence, the country to which the company manufactures the product will have an increase in the unemployment percentage. 
3 0
3 years ago
Read 2 more answers
Other questions:
  • Micah is an exchange student from the U.S. living in Japan. He wants to buy a new-release movie for 2,000 Japanese yen. When he
    11·2 answers
  • Insurance that pays all expenses generated by the insured activity is known as:
    10·1 answer
  • Which account is used with a periodic inventory system?
    9·1 answer
  • Mass company is investing in a giant crane. it is expected to cost $6.0 million in initial investment, and it is expected to gen
    5·1 answer
  • O.K. Company uses a job order cost accounting system and allocates its overhead on the basis of direct labor costs. O.K. expects
    7·1 answer
  • The Sarbanes Oxley Act (SOX) internal control standards apply only to companies listed on U.S. exchanges. True or false?
    10·1 answer
  • Which major promotion category uses catalogs, direct mail, e-mail, mobile marketing and social media?
    13·1 answer
  • Environmental scanning would be MOST important for which of the following organizations? a. A manufacturer of household linens b
    6·1 answer
  • Big Ed's Electrical has a pure discount bond that comes due in one year and has a face value of $1,000. The risk-free rate of re
    6·1 answer
  • NASA is conducting an experiment to find out the fraction of people who black out at G forces greater than 6. Step 1 of 2: Suppo
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!