Answer:
3,000
Explanation:
As the income will be taxed at 25% the income tax liability will be for that amount
12,000 x 25% = 3,000
The tax deferred liability is generated from a temporary difference. The company is paying less income tax today but will pay more in the future. Hence there is a liability.
The accounting reason for this treatment is to match expenses with the time they occur or the revenues which generated.
To be eligible for a USDA loan through the Farm Service Agency, an applicant must have participated in farm or ranch management for at least three years.
What assistance does the Farm Service Agency provide?
The organization offers finance to farmers and ranchers who are unable to obtain private, commercial credit, with a focus on beginning, minority, and female farmers and ranchers. It also buys and delivers goods for use in global humanitarian food initiatives.
What does USDA loan mean?
Low-income rural households who would otherwise be unable to secure a traditional mortgage can do so through the U.S. Department of Agriculture's (USDA) home loan program. You might be eligible for a USDA guaranteed loan or a USDA direct loan if you reside in a rural location and are unable to obtain a conventional loan.
Learn more about Farm Service Agency: brainly.com/question/28097911
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It is not possible to tell what happened to the CPI because other than for housing , we do not know what happened to the prices of any of the other goods.
The unearned consulting revenues are liabilities. A liability, in accounting terms, is an obligation and is found in the balance sheets of companies or businesses. When a company does transactions with other individuals or companies usually they owe amounts to creditors for the goods or services the company acquires. In another sense, a liability is a source of the company’s assets. They can also be considered as claims against the company’s assets. A liability may also include those amounts received by the company in advance of future services. Liabilities include accounts payable, notes payable, salaries payable, interest payable, bonds payable, accrued expenses payable, etc. Their normal balance is credit.
Outsourcing is an attractive way for firms to tap into foreign markets because it enables the company to widen its marketing scope and presence at a lower cost. It also aids the company to hire people with skills and talents which they cannot attain in their countries for a lesser price.
Time difference may factor in some outsourcing firms. There are firms who outsource people of different time zone to ensure that the business operation will continue inspite of the downtime in the firms' headquarters.
Outsourcing also helps the company ease the burden of dealing with company documentations and freeing the firm employees time to negotiate more deals and generate more business for the company.