Answer:
$277,125
Explanation:
The calculation of income tax expense is shown below:-
Income tax expense = Income taxes payable at the end of 2022 + (Rent revenue ÷ 2) × Tax rate
= $258,000 + (($153,000 ÷ 2) × 0.25)
= $258,000 + $76,500 × 0.25
= $258,000 + $19,125
= $277,125
Therefore for computing the income tax revenue we simply applied the above formula.
If one wants to determine the selling price of a product using the total cost method, the management should use Total product costs plus a markup.
<h3>What is total cost method?</h3>
When using the total cost method, the company takes into account the full cost of producing the good in question. This includes total product cost only.
A markup is then added to the total cost to find a suitable selling price that allows for a projected level of profit.
Find out more on the total cost method at brainly.com/question/6480601.
The harvest is gonna be in june OR something is gonna happen soon
Answer:
(B) NAV per share is calculated by subtracting the liabilities of the fund from the total assets of the fund, then dividing this number by the total number of shares currently outstanding.
Explanation:
The Net asset value(NAV) of any mutual fund corporation can be determined using below mentioned formula:
Net asset value(NAV) per share=(Current market value of all assets - liabilities)
/Total number of shares outstanding.
Based on the above formula, the statement which best describe the computation to arrive at NAV per share is
(B) NAV per share is calculated by subtracting the liabilities of the fund from the total assets of the fund, then dividing this number by the total number of shares currently outstanding.
Answer:
Deferred tax liability = $52,500
Explanation:
Difference between depreciation for financial reporting purposes and tax purposes at December 31 = 250,000
Enacted tax rate = 30%
Tax rate for future years = 40%
so Deferred tax liability = $250,000 x 40% = $100,000
