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yawa3891 [41]
3 years ago
8

In 2018, Krause Company accrued, for financial statement reporting, estimated losses on disposal of unused plant facilities of $

3,600,000. The facilities were sold in March 2019 and a $3,600,000 loss was recognized for tax purposes. Also in 2018, Krause paid $150,000 in premiums for a two-year life insurance policy in which the company was the beneficiary (Note: payment of premiums on a life insurance policy is a permanent difference. It is not recognized for tax purposes). Assuming that the enacted tax rate is 30% in both 2018 and 2019, and that Krause paid $1,170,000 in income taxes in 2018, the amount reported as net deferred income taxes on Krause's balance sheet at December 31, 2018, should be a
Business
1 answer:
pashok25 [27]3 years ago
6 0

Answer:

$1,080,000 asset

Explanation:

Net deferred income taxes = Unused plant facilities disposed * Tax rate = $3,600,000 * 30% = $1,080,000 asset

Therefore, $1,080,000 should be reported as net deferred income taxes on Krause's balance sheet at December 31, 2018.

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One of these factors is situational favorableness which has three elements, where two of them are on the options. These two options are <em>(C) position power and (E) task structure. </em>

However the best answer would be (E) task structure, since its description is most suitable with the question. Position power is more related to the leader’s formal position in the company and the degree of authority that he or she has by being in that position.

The last element of situational favorableness is leader-member relationship, which is not on the options.

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4 years ago
Before a new phone system was installed, the amount a company spent on personal calls followed a normal distribution with an ave
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Answer: 0.9579

Explanation:

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7 0
3 years ago
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Why must people make choices in economic situations?
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3 years ago
John likes Coca-Cola. After consuming one Coke, John has a total utility of 10 utils. After two Cokes, he has a total utility of
gulaghasi [49]

Answer:

No, he doesn't show diminishing marginal utility. Yes, he shows increasing marginal utility for Coke.

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The law of diminishing returns states that the marginal or addition satisfaction or utility derived from the consumption of a product increase until a pint and then starts to  decrease.

Units         Total utility       Marginal utility

1                    10                          10        

2                   25                         15                    

3                   50                         25

After 3 bottles, John does not show diminishing marginal utility as the marginal utility (as shown above) continues to increase with each additional bottle of coke consumed.              

8 0
3 years ago
Grays Company has inventory of 25 units at a cost of $6 each on August 1. On August 3, it purchased 35 units at $11 each. 27 uni
Agata [3.3K]

Answer:

$174

Explanation:

Calculation to determine what amount will be reported as cost of goods sold for the 27 units that were sold

Cost of goods sold=(25 units*$6) + [(25 units -27units)*$12]

Cost of goods sold =$150+$24

Cost of goods sold=$174

Therefore the amount that will be reported as cost of goods sold for the 27 units that were sold is $174

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3 years ago
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