Answer:
company's total liabilities is
accounts payable + accrued expenses + short-term notes payable = 15000
Answer:
The correct answer is $84 million.
Explanation:
According to the scenario, the computation of the given data are as follows:
Taxable income = $255 million
Tax rate = 40%
Tax credit = $30 million
So, Current tax payable = $255 million × 40% = $102 million
So, Net current tax payable = Current tax payable - Tax credit
= $102 million - $30 million
= $72 million
So, we can calculate the total income tax expense by using following formula:
Total income tax expense = net current tax payable + Additional projected liability
= $72 million + ( $30 million - $18 million)
= $72 million + $12 million
= $84 million
I would assume true, visual merchandising is more of displaying products and flat drawing aren’t as interactive.
