All categories

3 years ago

Sandhill Corporation has temporary differences at December 31, 2020, that result in the following deferred taxes.

Business

1 answer:

azamat3 years ago

6 0

Answer: Please refer to Explanation

Explanation:

As per the US GAAP and IFRS, Deferred Tax Liabilities and Assets are not to be reported as Current Assets or Liabilities but rather as Non Current items.

Assets

Warranty Liability $57,400

Litigation Accruals $ 27,800

Total Deferred Tax Assets $85,200

Liabilities

Revenue Recognition $93,600

Depreciation $38,000

Total Deferred Tax Liabilities $131,600

Total Net Deferred Tax Liability $46,400

Total Net Deferred Tax Liability calculation

= $131,600 - $85,200

= $46,400

The above is how these balances would be presented in Sandhill’s December 31, 2020 balance sheet.

You might be interested in

Why was money scarce when crops produced a good profit? savestylesformat instructions?

Zolol [24]

Although a profitable surplus of products was maintained, money was as scarce in the colonies as it was in England. Whenever gold or silver was earned from exported products, it had to be sent to England to pay debts or to import needed goods. This produced an environment where money was scarce even despite the decent profit earned from crops.

5 0

3 years ago

You are the newly appointed sales manager of the Rock Record Company and have been charged with the task of increasing revenues.

djyliett [7]

Answer:

increase the price of our products or services.

Explanation:

When the price elasticity is less than 1 (inelastic), then an increase in the price of our products or services will result in a proportionally smaller decrease in the quantity demanded. Therefore, by increasing our prices, we can increase total revenue even if the quantity demanded decreases a little.

7 0

3 years ago

The goal of strategy is to find a(n) ________ that is so well suited to the firm's competitive advantages that other organizatio

kolbaska11 [484]

Answer:

The correct answer is letter "C": propitious niche.

Explanation:

Companies develop strategies to set the steps necessary to accomplish an objective. One of those steps involves finding the firm's propitious niche which is no more than its target market. It determines what the company should do based on the best competitive advantage the firm will have in that market that will differentiate the company from competitors and will help the firm to establish in the market.

8 0

3 years ago

Read 2 more answers

Xerox had a monopoly on photocopiers for several years as the technology underlying the photocopier was protected by strong pate

katovenus [111]

Answer:

C. international strategy.

Explanation:

There are several business strategies been used different corporate to survive and grow in various business condition.

International strategy is one of the business strategies that involve the adaptation of foreign policies and selling goods and services at the International market with some local customization to the product. When a firm pursues an international strategy, the head office of the firm retains fairly tight control over marketing and product strategy. Each subsidiary of the company, which is spread all over the world has independent operations with the least interference from the parent company.

In the given case, Xerox had a monopoly on photocopier technologies as they are protected by strong patents, which is their international strategy.

5 0

3 years ago

"According to the law of demand, with everything else being equal, the quantity demanded for a good or service will ____________

m_a_m_a [10]

Answer: Decrease

Explanation:

According to the Law of Demand, The quantity demanded for purchase of a commodity inversely varies with the price.

That is to say that "ceteris paribus" ( with everything being equal),When the prices of a particular good go higher, people will buy less of such commodity but will buy more, if the prices of the goods reduces.

We can say demand is elastic if quantity demanded for a commodity decreases with increase in price which will make people choose another lower substitute good eg, detergent, ice cream

Also if quantity demanded does not change much with increase in price , then it is referred to as Inelastic Demand for example necessity commodity such as gasoline.

5 0

3 years ago