Answer:
it's 9
Step-by-step explanation:
i dont know how to explain
Answer:
$3,000
Step-by-step explanation:
The computation of the balance in Kent deferred tax liability is shown below:
= {(December 31 2021) × (enacted tax rate)} - {(December 31 2020) × (Enacted tax rate)}
= {($25,000 × 25%) - ($13,000 × 25%)}
= $6,250 - $3,250
= $3,000
Along with the journal entry is also shown for better understanding
Income tax expense $41,500
To Deferred tax liability $3,000
To Income tax payable $38,250 ($153,000 × 25%)
(Being the income tax expense is recorded)
We debited the income tax expense as it increases the expenses account and on other side we credited the other two accounts as these are also increased
Answer:
Step-by-step explanation:
Substitution method = plug in the slope and the (x, y) point values into y = mx + b, then solve for b. ...
Point-slope form = y − y 1 = m ( x − x 1 ) , where ( x 1 , y 1 ) is the point given and m is the slope given.
