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bearhunter [10]
3 years ago
8

Larsen Corporation reported $200,000 in revenues in its 2020 financial statements, of which $66,000 will NOT be included in the

tax return until 2021. The enacted tax rate is 30% for 2020 and 25% for 2021. What amount should Larsen report for its deferred tax liability on its balance sheet at December 31, 2020
Business
1 answer:
alina1380 [7]3 years ago
7 0

Answer:

$16,500

Explanation:

Larsen Corporation

$66,000×0.25=$16,500

Larsen should $16,500 report for its deferred tax liability on its balance sheet at December 31, 2020 due to the fact that $66,000 will NOT be included in the tax return until 2021 in which the enacted tax rate is 25% for 2021

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kari74 [83]

Answer:

monthly Payment = $937.65

Explanation:

Given that Don bought a new automobile for $28,000 and that Don made a cash down payment of $7,000 also and agreed to pay the remaining balance in 30 monthly installments .  We know that the Loan Amount = 28,000 - 7,000 = $21,000  . Now we need to calculating Monthly Payment on Loan by Using TVM Calculation,

We have

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What is the researchers estimate of coronavirus​
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Answer:

it 14%

Explanation:

6 0
3 years ago
On June 1, 20X1, Conner Company, a new firm, paid $4,300 rent in advance for a five-month period. The $4,300 was debited to the
Gekata [30.6K]

Answer:

No    Account and explanation              Debit      Credit

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2.      Supplies expense (7,250-2,950)   $4,300

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Sholpan [36]

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RideAnS [48]

Answer:

The given case is a Civil Matter case.

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