Answer: $101 million
Explanation:
The amount that Ross should report as income tax expense in its 2021 income statement will be calculated thus:
First, we'll calculate the deferred tax asset in valuation allowance which will be:
= Deferred tax asset before valuation allowance - Deferred tax asset after valuation allowance
= $170 million - $130 million
= $40 million
Then, income tax expense will be:
Income taxes payable= $90 million
Add: DTA not be realized = $170 million × 30% = $51 million
Less: Deferred tax asset in valuation allowance = ($40 million)
Income tax expense = $101 million
Answer:
Explanation:
a.) What do you expect the rate of return to be over the coming year on a 3-year zero-coupon bond? (Round your answer to 2 decimal places. Omit the "%" sign in your response.)
Expect the rate of return to be over the coming year on a 3-year zero-coupon bond = 6.1%
b) Under the expectations theory, what yields to maturity does the market expect to observe on 1- and 2-year zeros at the end of the year?(Round your answers to 2 decimal places. Omit the "%" sign in your response
Yields to maturity does the market expect to observe on 1-year at the end of the year = (1+5.1%)^2/(1+4.1%) - 1 = 6.11%
Yields to maturity does the market expect to observe on 1-year at the end of the year = 6.11%
Yields to maturity does the market expect to observe on 2-year at the end of the year = ((1+6.1%)^3/(1+4.1%))^(1/2) - 1
= 7.11%
Yields to maturity does the market expect to observe on 2-year at the end of the year = 7.11%
2b) Is the market's expectation of the return on the 3-year bond greater or less than yours?
Greater
Answer:
d. Total assets of the current year.
Explanation:
All accounts of the current year regardless of their nature, what I mean with this is that any account could add or subtract, all that kind of operations at the end give you the total result of the current year, and every account of the respective year could be expressed as a percentage of the total assets of the respective year, for example:
Total assets year A $1000 Total assets year A 100%
cash year A $200 cash year A 20%
equipment year A $600 equipment year A 60%
buildings year A $200 buildings year A 20%
Every account correspond to the same year of the calculation.
The monetary supply in the United States is based on fiat money which means that it is not true that A) America's fiat money is currently backed by gold deposits at the Federal Reserve.
The American dollar is a fiat currency which means that it is not backed by any sort of mineral deposits be it gold or silver. The gold deposits at the federal reserves are therefore not used to back the dollar.
The dollar is instead backed by the U.S. government and its policies which aim to keep the American economy stable.
The<u> other options are wrong</u> because:
- It is true that the USD being legal tender means it can be used to pay for debt.
- It is also true that the demand for money increases based on the volume of transactions in the economy.
In conclusion, the U.S. Dollar is not backed by the gold deposits in the Federal reserve but rather by the American government itself.
<em>Find out more at brainly.com/question/2222040.</em>
Workflow management system.
Workflow management systems provide a framework for set up, performance, and monitoring of specific tasks.
