1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Wewaii [24]
3 years ago
12

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 <u>$85,200</u>

Liabilities

Revenue Recognition $93,600

Depreciation $38,000

Total Deferred Tax Liabilities <u>$131,600</u>

Total Net Deferred Tax Liability <em><u>$46,400</u></em>

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
I NEED HELP ASAP!!! A country recently had $800 billion worth of domestic investment and its residents purchased $400 billion wo
Mama L [17]

Answer: $500 billion

Explanation:

The country's savings will be explained below:

Savings = Domestic Investment + Net Capital Outflow

where, the net capital outflow will be:

= exports - imports

= $100 billion - $400 billion

= $-300 billion

Therefore, the country's savings will be:

= Domestic Investment + Net capital Outflow

= 800 + (-300)

= 800 - 300

= $500 billion

7 0
3 years ago
There are two common measures of economic growth: (1) increases in real GDP over some period of time and (2) increases in real G
Komok [63]

'There are two common measures of economic growth: increases in real GDP over some period of time and increases in real GDP per capita over some time period.

This statement is True.

Gross domestic product is a monetary measure of the market value of all final goods and services produced and sold by a country in a given period of time. Due to its complex and subjective nature, this indicator is often revised before being considered a reliable one.

GDP = private consumption + private gross investment + government investment + government expenditure + (exports – imports). GDP is usually calculated by a country's national statistical agency according to international standards.

GDP measures the monetary value of the final goods and services produced in a country (that is, purchased by final consumers) over a specified period of time (such as a quarter or a year). Counts all electricity generated within a country's borders.

Learn more about GDP brainly.com/question/1383956

#SPJ4

7 0
1 year ago
Juanita makes $42 an hour at work. She has to take time off work to purchase her skirt, so each hour away from work costs her $4
Kisachek [45]

Answer:

It will purchase at the local store at an economic cost of $123

Explanation:

Answer:

It will puchase the skirt across town as it has the less economic cost.

Explanation:

We are going to add up the opportunity cost (lost wages) to the cost of the skirt:

place          travel-time Price Cost to travel Economic Cost

local store       30  $ 102.00   $ 21.00   <u> $ 123.00 </u>

across town       60  $ 85.00   $ 42.00   $  127.00

neighboring city 120  $ 76.00   $ 84.00   $ 160.00

*travel-time we multiple the time it took each eway by 2

**The  cost to travle will be Juanitas wages per hour ($42) times the travel-time/ 60

That's because the wages are express in hours and the travel time in minutes so we convert into hours

Then, the economic cost is the sum of the value of the skirt and the lost wages.

<em>Juanita, as a rational consumer will chose to purchase at the lower cost.</em>

6 0
3 years ago
Suppose Acme Industries correctly estimates its WACC at a given point in time and then uses that same cost of capital to evaluat
slamgirl [31]

Answer:

the firm will become more reasky as their Weighted-average cost-of-capital will change over time based on market condition but the management wil take project based on obsolete information

Thus, the WACC of the company will increase without the management notice this because, lender will use higher rate to make up for the change of failling Also, the shares wil trade at a lower value as is not maximizing the value of the firm.

Explanation:

4 0
3 years ago
Which definition best defines a​ leader?
Vlada [557]
Hello there!

I would personally say b. <span>someone with managerial authority who has the ability to influence others

Brady
</span>
8 0
3 years ago
Other questions:
  • In monopolistic competition, if a firm advertises and effectively raises consumer awareness of its product, it tends toA) lower
    10·1 answer
  • Best Foods Co. is considering expanding beyond the regional market segments now served by its Hellmann's mayonnaise. One criteri
    13·1 answer
  • According to the invisible hand concept, the best way for a society to encourage the creation of jobs and the production of the
    5·1 answer
  • The constraint at Johngrass Corporation is time on a particular machine. The company makes three products that use this machine.
    13·1 answer
  • Maria, who works in the design department, wants her online presence to signal that she is a business professional. Which profil
    12·1 answer
  • Culver Corporation has retained earnings of $718,500 at January 1, 2017. Net income during 2017 was $1,596,000, and cash dividen
    15·1 answer
  • A(n)
    11·1 answer
  • Which of the following statements is true?
    14·1 answer
  • Two ways in which an insurance company can contribute to the economic development of a country.
    14·1 answer
  • Annual Dividends<br><br> Question 4 Attached
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!