Answer:
Reported as an adjustment to income tax expense in the period of change
Explanation:
The deferred tax expense is generally defined as an increase in balance of deferred tax liability minus the increase in balance of deferred tax asset. It is an increase in the deferred tax liability balance usually from the beginning to the end of the accounting period.
The taxable income of a corporation is simply different from accounting income due to the fact that companies use the full accrual method for financial reporting but use the modified cash basis for tax reporting.
Tax is commonly defined as an involuntary charge imposed by the government to provide revenue for government which are use for development of public institution,roads and others. Tax laws are enacted to regulate, monitor payment of tax.
Answer:
Non-Discretionary Expenses means payments made to third parties on account of: (a) mandatory payments of monthly debt service (but not payment of principal or interest at or after maturity) required under Loan Documents evidencing debt of the Venture or any Subsidiaries; (b) Emergency Expenses; (c) other non-
Explanation:
Answer:
D. all residential mortgages for occupancy only.
Explanation:
- The act applies to the loan purchases, property investments and equity lines of credit. It proves brokers to give disclosure of borrowers regarding the real estate.
Answer:
price floor, causing excess supply in the market.
Explanation:
A number of states have a minimum wage that is higher than the federal minimum. In those states that impose such a minimum wage, it is more likely that the minimum wage acts as a binding price floor, causing excess supply in the market.
A price refers to the amount of money a customer or consumer buying goods and services are willing to pay for the goods and services being offered. The price of goods and services are primarily being set by the seller or service provider.
Price control can be defined as standard restrictions or regulatory conditions that are typically set and enforced by the government of a country.
This ultimately implies that, price controls are used to impose the minimum and maximum prices set by the government, which are to be charged for various goods and services in the market. This minimum price that can be charged such as minimum wage is known as price floor while the maximum price that can be charged such as rent control is known as price ceiling.
Answer: The listed can be explained as follows :-
Explanation:
1. The change in demand or supply of a product due to change in price is called elasticity.
For example the necessary goods are usually less elastic as there is no alternative available for that whereas luxury goods are more elastic as one will first avoid luxury when income declines or price rise.
2. Externalities refers to the impact on an unrelated party that occurred due to activities by some other party.
For example- XYZ company makes cakes and cookies and they are launching a new product of fat free brownie, now it may result in customer base shifting from older product to new product.
This, happened because of consumer preference towards healthy product.