Well obviously the economy is shrinking. people aren’t buying/trading much because they don’t want to risk going out and going through avoidable things you know?
Answer:
A deferred tax liability will be reported on the balance sheet
b) trademark
as longterm assets refers to those assets that will not become cash within a one-year period
Explanation:
As the accounting makes the depreciaiton of the asset among 8 years
while the MACRS (depreciaiton for tax purposes) does it in 5 years
the company will pay lower income taxes now but, higher in the future
creating a tax liability as the tax relief occurs now.
Calculations:
Account Depreciation Expense
(cost - salvage value )/ useful life =
(130,000 - 10,000)/ 8 years = 8,000
Tax-purpose depreciation expense
130,000 x 20% = 26,000
There is a tax difference of (26,000 - 8,000) x corporate income tax
Answer: (B) There is incentive for buyers to undertake search activity
Explanation:
Setting price below equilibrium will create shortage.
Answer:
Yes
Explanation:
Misappropriation of assets includes actions like stealing a company's assets or borrowing them for personal use. In this case, Jeanne didn't steal any of the company's assets and even paid for her office supplies, but she is borrowing the company's phone, computer and printer. In a strict manner, we can say that she misappropriated the assets even though they were not harmed and remain completely operational.
Are their any options for the blank space that you could use?
