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3 years ago

Mitchell Corporation prepared the following reconciliation for its first year of operations:

Business

1 answer:

Molodets [167]3 years ago

3 0

Answer:

$140,000

Explanation:

The amount that should be reported in Mitchell Corporation income statement in 2018 as deferred portion of income tax expense is the originating temporary difference of $350,000 multiplied by the rate of tax by which the temporary difference will reverse itself,which is 40% tax rate not the applicable tax rate in 2015 of 35%.

In other words,the deferred portion of income tax expense is $140,000($350,000*40%).

The appropriate entries would to debit income tax expense and credit deferred tax liability with $140,000

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Answer:

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Explanation:

The Production line capacity requirement for the next four years will be equal to the demand for the next four years. The production line needs to meet the annual demand for the plastic sprinklers. The production line is extended and economies of scale is introduced with helps the company save additional cost of extension in the production line.

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How are trade deficits related to foreign capital inflows and investment in the united states? gov 312l

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2 years ago

If a stimulus plus a response results in a satisfying outcome, the probability of that response occurring again ________. a) dec

Amiraneli [1.4K]

Answer:

The correct answer is c) increases

Explanation:

If a stimulus plus a response results in a satisfying outcome, the probability of that response occurring again increases.

When the stimulus and response produce a satisfying outcome is because the answer had given an excellent outcome, which could cause it to happen again because it generates a satisfactory feeling, and the probability to increase, goes up.

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3 years ago

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Therefore, Option (C) is correct answer.

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