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snow_tiger [21]
3 years ago
14

The time frame associated with a balance sheet is:

Business
1 answer:
MAXImum [283]3 years ago
6 0

Answer:

The answer is: A) a point in time in the past

Explanation:

A balance sheet is one the most important financial statements of an organization along with the income statement and statement of cash flows.

It reports an organization´s assets, liabilities and shareholders´ equity at an specific point in time.

The basic formula used in a balance sheet is:

                  Assets          =          Liabilities    +     Shareholders´ Equity

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Clydesdale Corporation has a cumulative temporary difference related to depreciation of $580,000 at December 31, 2017. This diff
Goryan [66]

Answer:

The amount Clydesdale should report as a deferred tax liability at December 31, 2017 is  $214,840

Explanation:

The computation of the deferred tax liability is shown below:

= 2018 difference × Enacted tax rates + 2019 difference × Enacted tax rates + 2020 difference × Enacted tax rates

= $42,000 × 34% + $244,000 × 34% + $294,000 × 40%

= $14,280 + $82,960 + $117,600

= $214,840

We considered the difference of each year and its enacted tax rates. Th depreciation is not relevant. Hence, we ignored it

5 0
3 years ago
Although most people want maximum attainment of every economic goal, there is the operating reality of ________________________
bixtya [17]

Although most people want to maximum attainment of every economic goals, there is the operating reality of opportunity cost that causes us to give up some of one thing if we want more of another.

<h3>What is Opportunity Cost?</h3>

Opportunity cost is a concept in economics and it refers to the cost of something that has to be given up to enjoy something better. This can be for example the benefits of second best alternatives (when the first best is chosen) or alternative use of something, which is not decided on (the cost of not using land for farming and using it for building a house instead).

It is the amount or benefits an individual or organization get when they choose a particular products over another one.

The advantage could be monetary benefits.

Therefore, we can conclude that Although most people want to maximum attainment of every economic goals, there is the operating reality of opportunity cost that causes us to give up some of one thing if we want more of another.

Learn more about Opportunity Cost on:

brainly.com/question/1549591

#SPJ4

8 0
2 years ago
You go to the grocery store every 4 days. your friend goes to the grocery store every 10 days. if you and your friend both go to
GaryK [48]

The answer for this question would be you will both go to the store on the same day in 20 days. The reason behind this is you go every 4 days so at the time you go on your fifth round of those 4 days it would be your friend's 2nd time shopping in your friend's 10 shopping days.

7 0
3 years ago
In the film Islam and America: Through the eyes of Imran Khan, which of the following best describes how average Pakistanis resp
aleksley [76]

Answer: c. They criticized or disparaged the IMF.

Explanation:

In the 2001 film, <em>Islam and America: Through the eyes of Imran Khan</em>, it is shown that the average person in Pakistan know what the IMF is and detests them. They criticized and disparaged the IMF with some reasons given being that;

  • the IMF is a way for the Developed world to economically colonise Pakistan
  • the IMF is tool for the Americans to use and try to assert control
  • the IMF forces governments to raise utility prices to meet their conditions or pay back loans which makes poor people suffer the most.
5 0
3 years ago
Information collected from multiple sources such as suppliers, customers, competitors, partners, and industries that analyzes pa
maksim [4K]

Answer: Business intelligence

Explanation: Business intelligence is a term used to describe the strategic steps taken to obtain or collect data,carry out the analysis of the data analysis, showing trends, patterns and relationship between factors, treatments and other considerations before making business decisions. Business intelligence is all in modern business processes to adequately explore the advances in technology for Business decisions making.

7 0
3 years ago
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