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qwelly [4]
3 years ago
14

At December 31, 2020, Ivanhoe Corporation had a deferred tax liability of $26,800. At December 31, 2021, the deferred tax liabil

ity is $42,800. The corporation’s 2021 current tax expense is $49,300. What amount should Ivanhoe report as total 2021 income tax expense?
Business
1 answer:
Tju [1.3M]3 years ago
5 0

Answer:

$65,300

Explanation:

Ivanhoe's income tax expense = deferred tax liability 2021 - deferred tax liability 2020 + current tax expense 2020 = $42,800 - $26,800 + $49,300 = $65,300

A deferred  tax liability occurs when a corporation's income statement shows a certain amount following US GAAP, but the tax rules used by the IRS determine a different amount.

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Catalog companies are committed to selling at the prices printed in their catalogs. a. If a catalog company finds its inventory
iren2701 [21]

Answer:

The demand for sweaters was unexpectedly low.

Explanation:

If the inventories are rising for sweaters then we know that demand for sweaters must be falling. This is because prices are fixed, so this implies that people are buying less of the good due to a decrease in demand.  In most circumstances, this accumulation of inventories suggests that the demand for sweaters was unexpectedly low since companies try to smooth out production to minimize costs.

8 0
2 years ago
The​ ________ is the optimum budget to managers that plan revenues and expenses at different sales volumes.
ddd [48]

A flexible budget is an optimum budget for managers that plan revenues and expenses at different sales volumes.

<h3>What is flexible budget?</h3>

A flexible budget is one that varies in response to changes in actual revenue or other activities. As a result, the budget is reasonably close to the actual results. This technique differs from the more conventional static budget, which comprises only fixed spending numbers that do not change in response to real revenue levels.

A flexible budget will include budget lines for various amounts. For example, if your monthly widget production is 100, your variable admin costs could be $200. However, if you produce 200 widgets every month, your variable admin costs will rise to $400.

Entrepreneurs can adapt with change thanks to flexible, rolling budgets. This nimble planning process lets you adjust spending throughout the year

To know more about flexible budget follow the link:

brainly.com/question/25353134

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4 0
1 year ago
A publicly owned corporation is a company whose shares are held by the investing public, which may include other corporations as
Lubov Fominskaja [6]

Answer:

True

Explanation:

A publicly owned corporation is a company is a company owned by shareholders. This type of company's shares is freely traded on a stock exchange

Characteristics of A publicly owned corporation

  • Limited liability. the liability of owners are limited to the amount invested
  • Central management. The company is manged by board of directors and managers and not the shareholders
  • the company is a legal entity.
6 0
3 years ago
Use the Internet to research different outside financing sources available to entrepreneurs. You will need to have at least thre
Scrat [10]

Answer:

Three sources of financing to a business includes;

1) Angels (National Angel Capital Organization, NACO)

Wealthy and experienced retired industry leaders, that invest in startups, require transparency, and take charge of the supervision of the business management practices

2) Business Accelerator or Incubators (MaRS; MaRS Discovery District)

An incubator provide enabling environment and resources for startups to develop ideas before going into production

3) Bank Loans (Business Development Bank of Canada, BDC)

Bank provide loans to startup with a good idea and an accompanying excellent business plan, and personal guarantee

Explanation:

8 0
3 years ago
When you would like to send an e-mail to your coworkers about planned maintenance on the network, where is the best place in the
S_A_V [24]

Answer:

Its A. The Subject field

Explanation:

edge 2020

3 0
3 years ago
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