Answer:
Correct option is C ; the DTA - Deferred tax asset is $300,000
Explanation:
For losses of Year 2015 DTA should be created at 31/12/2015 as due to this loss future income will get reduced and consequently company's tax liability will get reduced.
DTA = 750,000 x 40% = 300,000
In year 2016 tax rate is 40% so DTA will be at this rate as after setting off the loss of year 2015 with income of 2016 the company will benefit by 750000 x 40%=300000 due to lesser income tax liability.
Hence the DTA - Deferred tax asset is $300,000
Answer:
The correct answer is letter "A": determines that expenses related to revenue be reported at the same time the revenue is reported.
Explanation:
According to the matching accounting principle, during the same accounting period, the revenues and expenditures needed to generate such revenues have to be recorded. This is part of the accrual accounting method that specifies expenses and revenue must be recorded when incurred not when cash is received.
Is there a question that comes with this post?
-TTL
Answer:
True
Explanation:
The yield management calculates a range of impacts of prices on the demand of the product. And this method is only applicable if the product can be sold for a range of prices. This is the limitation of the yield management and also its assumption that the demand drops with the increase in prices and vice versa.
<span>Randy is displaying risk-taking behavior. The sort of behavior that entails with taking risks engages Randy in activities with unknown outcomes. High-risk behavior's origins are still unknown, however, the impulse or urge to take risks is a heavily researched topic.</span>
