Answer:
The answer given below;
Explanation:
Amount in Million $
Income tax payable-Unadjusted $120
Reversal of deferred tax asset $320*30%= $96
Total Income Tax Expense $216
As the deferred tax asset reversal will result in deferred tax expense therefore $216 in total will be reported as income tax expense.
Answer:
d) Put the hottest hot sauce in a container with a fire-breathing dragon on the lid
Explanation:
This is a good Mistake-Proof process for the hottest sauce because, the fire-breathing dragon helps to crate the image of the content of the container being very hot. <em>At the same time, the children will like the dragon drawing thereby creating a fun atmosphere for them while eating.</em>
Answer:
The Global Economic Crisis
Factors that led to the Mortgage Crisis include all:
A) Mortgages were accessible for borrowers who did not meet income and minimum down payment requirements. Moreover, the Fed kept interest rates really low to prevent a recession. This led to a decrease in the demand for homes and a further decline in housing prices.
B) The total amount of risk embedded in the securities created by bundling mortgages did not change. The securitization and resecuritization processes led to a distribution of total risk among different types of collateralized securities.
C) Mortgage payments based on short-term interest rates-called adjustable-rate mortgages (ARMs)—were preferred by subprime borrowers.
D) Rating agencies, such as Moody's and Standard & Poor's, earned fees from securitizing agencies for providing ratings for CDOs. The securitizing agencies were looking for higher ratings for their CDOs, and the rating agencies were earning fees. This led to a conflict of interest; thus, ratings did not reflect the true risk involved in the CDOs, which were backed by mortgages.
Explanation:
Hedge funds, banks, and insurance companies helped to cause the subprime mortgage meltdown while regulators looked the other way. They were given free rein to construct so many complex securities which somehow contributed to the mortgage defaults with financial institutions skimming fees during the securitization processes, and mortgages were made accessible for borrowers who did not meet the income and minimum down payment requirements.
Answer:
The correct answer is utilitarian
Explanation:
The utilitarian approach to ethics is of the view that actions taken in a particular situation does determine whether or not such decision is morally wrong or right as it is irrelevant,the overriding point is the outcome.
Hence,in deciding what is morally right or wrong emphasis is placed on the intent not the action taken.
Assuming there is this country dominated by humans who are flesh eaters and it is certain that these cannibals would soon spread the world over wrecking havoc on the entire globe,it would make sense to wipe out that entire country so as to save the rest of world since it is greatest good for the greatest number.Hence,the action of killing is not morally wrong,it was to save the entire world.
Answer:
Dieker Company
Journal Entry:
Debit Work in Process $3,410
Debit Manufacturing overhead $650
Credit Raw materials $4,060
To record raw materials used for production.
Explanation:
a) Data and Calculations:
Job 1 $910
Job 2 $1,700
Job 3 $800 $3,410
General factory use $650
Total $4,060
Transaction Analysis:
Work in Process $3,410 Manufacturing overhead $650 Raw materials $4,060
b) While the summary journal entry is made in Work in Process, the detailed entries are made in Job 1, Job 2, and Job 3 cost sheets.