Answer:
Deferred Tax Expense=6300
Less: Tax Adjustment=-13000
Net Deferred Tax Benefit=6700
Deferred Tax Expense=(50000-20000)*21%
= $6300
Tax Adjustment=100000*(34%-21%)= $13000
Answer:
The answer will be below;
Explanation:
a.$54,000
(3,600*15)
The warranty expense is estimated and it is probable that an outflow of $54,000 will be incurred. Therefore in first year, the whole warranty expense is recorded for both the years. As per definition of provision; it is present obligation as a result of past event, outflow is probable and amount of outflow can also be easily estimated.
As prosperity and economic development rise, individualism increases as well.
Individualism refers to the freedom of someones actions. If the economy is doing well and someone has more money, they are more likely to spend their money freely. The person has moral worth as an individual.
The answer
is Differentiation Focus Strategy. This is a combination of two strategies from
the three generic business strategies presented by <span>Michael Porter. The three generic strategies
are cost leadership, focus and differentiation. This type of strategy pursue a differentiated
products within a focused market.</span>