Answer: $51 million
Explanation:
Based on the values given in the question, the income tax expense would be calculated as:
Taxable Income = $220 million
Less : Deferred Income = $16 million
Form the above, we would then calculate the tax expense as:
= 25% × ($220 - $16)
= 25% × $204 million
= 0.25 × $204 million.
= $51 million
Answer:
The balance on the building account is $44,200
Explanation:
The total value of the right hand side must equal the left hand side of a balance sheet. This means the total asset must equal liability plus shareholder equity.
Total Asset $
Equipment 34,800
Accounts receivable 4,550
Land 34,700
Buildings ?
Cash <u> 14,750 </u>
<u> 88,800 </u>
Total Liability and Equity $
Accounts payable 28,300
Unearned service revenue 9,700
Stockholder's equity <u> 95,000 </u>
Total Liability and Equity <u> 133,000</u><u> </u>
Buildings = Total Liability and Equity - Total Asset
= $133,000 - $88,800 = $44,200
The balance on the building account is $44,200
<span>The first step in the TED five step protocol for effective presentation is, " frame your story ". This is the important step for a presentation. It indicates, first we frame our story properly. Then we proceed the other three steps.</span>
Moving between the two points on the PPF gives a country 8 desktop computers and gives up 5 laptop computers. The opportunity cost of a laptop is half that of a desktop.
An outward shift in the PPF indicates economic growth. An inward shift indicates a shrinking economy due to failure of resource allocation and optimal production capacity. A shrinking economy could be the result of reduced supplies or a lack of technology.
An outward shift in the PPF indicates economic growth. An inward shift indicates a shrinking economy due to failure of resource allocation and optimal production capacity. A shrinking economy could be the result of reduced supplies or a lack of technology.
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As it applies to corporations, employee-owner separation means that many employees can be separated from organization as a result of resignation, removal, death, permanent incapacity, discharge or retirement and they as employee are not stockholders of the company for which they work.
For better understanding, lets explain ownership and control in firms
- Separation of Ownership and Control in firm is done by Shareholders. They hire managers to manage the firm on their behalf. Employee only work for shareholders. Employees can be separated from organization as a result of resignation, removal, death, permanent incapacity, discharge or retirement
From the above, we can therefore say that the answer that as it applies to corporations, employee-owner separation means that many employees can be separated from organization as a result of resignation, removal, death, permanent incapacity, discharge or retirement and they as employee are not stockholders of the company for which they work is true
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