Answer:
(A.) the future tax rates have been enacted into law.
Explanation:
In case when the rate of tax instead of the current tax rate used to compute the deferred amount related to income tax for the balance sheet if the rate of future tax is enacted in law i.e means when the future tax rate imposed under the taxation rules and regulations
Therefore option A is correct and the other options are incorrect
Answer:
Explanation:
a. The computation of the income from operations is shown below:
= Sales revenue - Cost of goods sold - Selling and admin expenses
= $310,000 - $140,000 - $50,000
= $120,000
b. The computation of the net income is shown below:
= Income from operations + Gain on sale of plant assets - interest expenses - Loss on discontinued operations
= $120,000 + $30,000 - $6,000 - $12,000
= $132,000
c. The computation of the comprehensive income is shown below:
= Net income + unrealized holding loss on these securities
= $132,000 + $10,000
= $142,000
d. The computation of the ending retained earning balance is shown below:
= Net income - Dividends declared and paid
= $132,000 - $5,000
= $127,000
Allowance for Doubtful Accounts (Deb 2,000).
Accounts Receivable - A. Hopkins (Cred. $2,000)
Answer:
The bond is worth $2,968 today
Explanation:
In order to know "how much is the bond worth today", we need to calculate the present value (PV) of the bond.
Google bond will pay $4,500 ten years from now, it means the future value (FV) is $4,500
Tenor is 10 years
Discounting rate is 4.25% pa
PV = FV/((1+ rate)^ tenor)= $4,500/(1+4.25%)^10 = $2,968
Answer:
The correct answer is letter "D": export packer.
Explanation:
An Export packer is usually a third party in charge of classifying objects by bulk considering features such as weight, size, and fragility. Those materials are subject to exportation thus the export packer analyzes if the objects meet the international standards before the packages shipped. Export packers fasten the flow of packaging supervision in countries' customs.