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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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Your friend is looking for investors in a risky business venture. To convince you to participate, she is offering you a 17% rate

telo118 [61]

Answer:

B - $13,556.82

Explanation:

Amount to be invested is equal to the present value of future inflows

Present value = future value/(1+Interest rate)^Number of years

The actual amount at the end of the first year should be $3000 if there is an answer in the options

The amount at the end of the second year is $4000

The amount at the end of the third, fourth and fifth year is $5000

Hence, amount to be invested = 3000/(1.17) + 4000/(1.17)^2 + 5000/(1.17)^3 + 5000/(1.17)^4 + 5000/(1.17)^5

= $13,556.82

Hence, the answer is $13,556.82

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3 years ago

Read 2 more answers

What is the specific government agency charged with overseeing discrimination in employment practices

AVprozaik [17]

Answer:

The E.E.O.C: Equal Employment Opportunity Commission

Explanation:

Hope This Helps!!

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2 years ago

Monica spent a lot of time preparing for her interview, but the hiring manager is not asking any of the questions she practiced.

Vinil7 [7]

A) Be flexible and adjust to different situations

This should be the answer as she needs to be flexible and adjust to different situations in situations that she does not expect. She prepared for the interview but the hiring manager is not asking any of the questions she practiced which means that she has to be more flexible and answer the rest of the questions in the interview as best as possible by adjusting to the situation.

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2 years ago

Wall -to- wall records' April 1 inventory had a cost of $48,000 and a retail value of $70,000. During April, net purchases cost

algol13

Answer:

The correct answer is that the cost of the ending inventory using the retail inventory method is US$ 100,962

Explanation:

Wall-to-Wall Records

Cost Retail

Beginning Inventory $ 48,000 $ 70,000

Purchases $ 210,000 $ 390,000

Cost of Goods Available for Sale $ 258,000 $ 460,000

Cost to Retail Ratio

= $ 258,000 ÷ $ 460,000

= 0.5609 = 56.09%

Cost Retail

Cost of Goods Available for Sale $ 258,000 $ 460,000

− Sales $ 280,000

Ending Inventory $ 180,000

× Cost to Retail Ratio 0.5609

Ending Inventory $ 100,962

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3 years ago

Which of the following sentences use correct punctuation?

EastWind [94]

Answer:

Explanation:

Parenthesis are used to add the other content such as references guidelines, although they are not important but some readers tend to verify the argument so to guide them they content is given in parenthesis.

In example a: The information about the page is given by dash which is incorrect to do so.

In example b: The other information such as reference ( p.27) is given accurately.

In example C: My address is highlight by quoting, and it's not a quote, So, it's incorrect.

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3 years ago