Answer:
deferred income tax benefit during 2018: 6,700
deferred income tax liability ending balance 27,400
Explanation:
beginning deferred tax laibility 34,000
this will change to 21,000 for the tax rate change
(100,000 x 21% = 21,000)
thus there is a decrease of 13,000 in the tax liablity
Then:
book income 400,000
temporary differenc(net): (30,000)
Taxable income 370,000
30,000 x 21% = 6,300 additional deferred tax expense
13,000 benefit - 6,300 deferred tax expense = 6.700 benefit
Answer:
D. the multiplier effect of a fiscal policy action that applies to a long-run period after all influences on equilibrium real GDP have been taken into account.
Explanation:
The fiscal multiplier measures the effect that increases in fiscal spending will have on a nation's economic output, or gross domestic product (GDP).
Answer:
Lets asume Taley Corp. is in Georgia
shareholders are typically not afforded the same rights as members of the board. Yet, shareholder rights allow for the inspection of business records as long as they follow the rules for inspecting documents under Georgia law
Explanation:
In Georgia, the statute provides shareholders have the right to copy the following records during normal business hours at the corporation’s principal office upon request
In order to access these particular records, shareholders have to make a good faith demand to inspect and the purpose for inspecting must be proper and reasonably relevant to the legitimate interest of the shareholder.
Shareholders also have to provide a description that reasonably indicates the purpose of the inspection and the requested records have to be directly connected to the shareholder’s purpose. Additionally, the records may only be used for the stated purpose.
Answer:
False.
Explanation:
Individuals in high-context cultures do not show the above mentioned traits. High-context cultures requires elegance and sophisticated attitude and behavior and not much of the direct interaction in an unnecessary conversation. Rather, these traits of direct verbal interaction, value individualism, relying on logic, saying "NO" directly, and giving authority to written information are traits of low-context cultures. Therefore, the given statement is false.
