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Igoryamba
3 years ago
10

Costello Corporation reported pretax book income of $500,000. During the current year, the reserve for bad debts increased by $5

,000. In addition, tax depreciation exceeded book depreciation by $40,000. Finally, Costello received $3,000 of tax-exempt life insurance proceeds from the death of one of its officers. Costello's deferred income tax expense or benefit would be:
Business
1 answer:
antiseptic1488 [7]3 years ago
6 0

Answer:

462,000 taxable income

38,000 deferred tax benefit

Explanation:

500,000

+5,000 reverse bad debt

-40,000 tax dep > book dep

-3,000

462,000 taxable income

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________ at IKEA include cost-consciousness, constant desire for renewal, and accepting and delegating responsibility.
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Ikea has core business values such as consciousness, constant desire for renewal, and accepting and delegating responsibility.

<h3>What are the core values in a company?</h3>

The fundamental values of a company are the purposes that guide the attitudes of all members of the company. Additionally, these values are related to the common objectives, mission and vision of a company.

In the case of Ikea, it is a company that emerged in Sweden that has led the market for the sale of furniture and other household items that has stood out for its business values.

Among the most outstanding values of Ikea are:

  • Togetherness
  • Caring for people and planet
  • Cost-consciousness
  • Simplicity
  • Renew and improve
  • Different with a meaning
  • Give and take responsibility
  • Lead by example

Note: This question is incomplete because the options are missing. Here are the options:

A. Core values.

B. Missions.

C. Strategies.

D. Competencies.

E. Competitive Advantages.

Learn more about Ikea in: brainly.com/question/13991097

7 0
3 years ago
The accounts receivable turnover is computed as __________ divided by __________. sales; accounts receivable sales; average acco
tekilochka [14]

Answer:

sales ; average accounts receivables

Explanation:

Accounts receivable turnover refers to how a business firm manage its assets. Businesses, companies uses accounts receivables to know and quantify how perfectly goods bought on credit by their customers are being paid back. It also measures how business gives credit and collects back it's debt .It is calculated as net sales divided by average accounts receivables.

6 0
4 years ago
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