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
Olenka [21]
3 years ago
9

Which One of the following is true about intraperiod tax allocation?

Business
1 answer:
Digiron [165]3 years ago
7 0

Answer:

D. Its purpose is to relate the income tax expense to the items which affect the amount of tax.

You might be interested in
Select a large U.S. public corporation you are familiar with or which interests you. It should be on the Fortune 500 list. Using
vazorg [7]

Answer:

Consider the following answers

Explanation:

Solution. (1) The name of a large U.S. public corporation is Walmart - Stores

(2) Website.

(3) A short profile of the Walmart coperation is given below: American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores. Headquartered in Bentonville, Arkansas, the company was founded by Sam Walton in 1962 and incorporatedon October 31, 1969. It also owns and operates Sam's Club retail warehouses. As of January 31, 2018, Walmart has 11,718 stores and clubs in 28 countries, operating under 59 different names. The company operates under the name Walmart in the United States and Canada, as Walmart de México y Centroamérica in Mexico and Central America, as Asda in the United Kingdom, as the Seiyu Group in Japan, and as Best Price in India. It has wholly owned operations in Argentina, Chile, Brazil, and Canada.

(4) The fiscal year end date of the annual report you used is 2017

(5) Total assets on the balance sheet are $198,825 millions

(6) Total revenues on the recent income statement is $485,873 millions

(7) Net income on the income statement is $ 13,643 millions

(8) The basic earnings per share reported on the recent income statement is $4.38

(9) The depreciation method used by the corporation is  straight-line method

(10) The inventory method used by the walamrt is first-in, first-out (“FIFO”) method.

(11) There is only one class of stock i.e common stock)

the number of shares outstanding - 3.05

3 0
3 years ago
Perfect competition is the term used to describe: an industry in which a few price-taking firms produce identical products. an i
Olenka [21]
An industry in which numerous price-taking firms produce identical products.
8 0
3 years ago
What does deficit spending require a government to do?
Kruka [31]

Answer:

c. TAKE ON DEBT

Explanation:

5 0
3 years ago
Read 2 more answers
List three or four effects of financial irresponsibility.
Aleksandr-060686 [28]
Debt
Fraud
being broke
5 0
3 years ago
You just purchased an existing business that produces solar panels according to the following production function:
frez [133]

Answer:

<u>$50</u>

<u>Explanation</u>:

In the production function, Q = K0.5L0.5,

K denotes the fixed input in the short run.

First, we calculate the total cost:

Cost of Capital= 25 x $1 = $25

Cost of Labor (for a start 25 workers are used)= 25 x $1 = $25

Total= $50

Since the price of the solar panels is $100, substrating from the total cost $50 (100-50) we get $50 profit per unit of solar panel.

4 0
3 years ago
Other questions:
  • The primary difference between commodity money and fiat money is that
    8·1 answer
  • Cambridge Manufacturing Company applies manufacturing overhead on the basis of machine hours. At the beginning of the year, the
    14·1 answer
  • The virginia company first sent a group of soldiers, rich gentlemen, and __________ to found a strong colony.
    15·2 answers
  • Phil deposits his money in the bank and earns _____. The bank uses part of Phil's money to make _____.
    8·2 answers
  • Which of the following is a key characteristic of economic freedom?
    9·1 answer
  • The following static budget is provided: Units 22,000 Units Sales $ 220,000 Less variable costs: Manufacturing costs $ 77,000 Se
    12·1 answer
  • Outback Corp. recorded sales of $1,300,000 in 2010, in addition the company's accounts receivable balance grew from $120,000 at
    12·1 answer
  • During the taking of its physical inventory on December 31,2008, Genesis company incorrectly counted its inventory as $126,000 i
    9·1 answer
  • Challenge question: Home mortgages use amortization schedules, but the principal balance might be 10 or 100 times larger than Ja
    8·1 answer
  • An unlicensed property manager can do all of the following except: Maintenance Showing units Negotiating lease terms Furnishing
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!