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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.

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See explanation section

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2 years ago

Suppose the demand curve is: P = 300 - 2QD and the supply curve is: P = 100 + 3QS. What is the sum of the consumer and producer

Alex777 [14]

Answer:

Total surplus = 4000

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Explanation:

given data

P = 300 - 2QD

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sum of the consumer and producer surplus

solution

we first equating both as equilibrium at QD = QS

300 - 2Q = 100 + 3Q

solve we get

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so P will be

P = 3 00 - 2 × 40

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2 years ago

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tigry1 [53]

Answer:

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