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Ulleksa [173]
3 years ago
10

The valuation allowance account that is used in conjunction with deferred taxes relates:

Business
1 answer:
Angelina_Jolie [31]3 years ago
5 0

Answer:

c. Only to deferred tax assets.

Explanation:

  • The valuation allowance consists of a reserve that is used to offset the differed tax assets and is based on part of the tax and for its more likely that the tax benefits will be raised by the reporting entity.
  • The valuation is a contract account to deferred tax assets with more than 50% of the probability of being used in the future due to the non-availability and is just like a provision of the doubtful debts.
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A city assesses property owners $50 million to extend sewer lines to their neighborhood. By year-end, however, it has not begun
serg [7]

Answer:

Recognize the assessments as assessments receivable and revenue.

Explanation:

Practically, this will result in a receivable in the reserve fund, if the amounts are not received when due.

This could be seen when an/a corporation may decide on the amount of an assessment years before the cash is been used.

But cannot really obtain the revenue at the time of the decision, since the corporation can change its decision up until the day the amount is due. Also there are no specific parties being assessed, until the owner on record is known on the day the assessment is due, also the assessment should be recognized as revenue of the reserve fund when due.

4 0
3 years ago
During a routine pelvic exam, a 34-year-old female is found to have an ovarian cyst containing skin, hair, cartilage, and bone.
pashok25 [27]

Answer:

Dermoid Cyst

Explanation:

typically contains a diversity of tissues

7 0
3 years ago
A monopoly finds that, at its present level of output and sales, marginal revenue equals $5 and marginal cost is $4.10 which of
VARVARA [1.3K]
To determined the profit is being maximized, you need to make sure that the difference between the total revenue and total cost is greatest. So the formula we need to use in determining the maximized profit is

Profit = Total Revenue - Total Cost

Given

 TR = $5
 TC = $4.10

Solution

Profit = 5 - 4.10
          = 0.9 
The answer is 0.9. 

7 0
3 years ago
The workers of Tight Footing, a tile manufacturing plant, wanted a raise. However, the management did not want to give the worke
AveGali [126]

Answer:

Soldiering

Explanation:

The principles of scientific management describes how productivity should be carried out in a work place and the different methods and strategies to be applied to ensure smooth and maximum productivity.

Scientific management involves four principles, they include:

1) Viewing a job thoroughly to determine the best way in which the work will be carried out by devising unique methods and approach.

2) Employing and training the right set of individuals to perform the job.

3) Monitoring the performance of the workers.

4) Carrying out a system of division of labour between the management and the workers.

Soldiering can be described as a situation in which workers deliberately carry out their activities below their capacity.

4 0
3 years ago
Read 2 more answers
An​ "excessive" budget deficit in this context is
rjkz [21]

Answer:

A) A relatively large budget deficit as a percentage of GDP beyond the European​ Union's deficit and debt rules.

Explanation:

A budget deficit is when the governments have more expenditures in a budgeted year than they have the revenues in form of taxes and other incomes. A deficit is excessive if it is large in comparison to the GDP.

In the European Union the budget deficit is considered excessive if it exceeds 3% of the running years GDP.

A public debt percentage to GDP of 60% or above is considered excessive as most of the GDP then is used for debt servicing and thus impacts negatively on the financial health of the country.

Hope that helps.

6 0
3 years ago
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