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3 years ago

Deferred income taxes are based on the:_______.

Business

1 answer:

Hunter-Best [27]3 years ago

3 0

Answer:

a. current tax rate or future tax rates, depending on when the temporary difference will reverse.

Explanation:

Deferred Tax is not payable to tax Authority it is only a book entry used by Accountants to match Income taxes payable in terms of Income Act and Income taxes expected to be presented to users in financial Statements.

Deferred taxes are based on current tax rate or future tax rates, depending on when the temporary difference will reverse.

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True or false: account analysis involves a detailed analysis of what cost behavior should be, based on an industrial engineer's

lana66690 [7]

We can actually deduce here that "account analysis involves a detailed analysis of what cost behavior should be, based on an industrial engineer's evaluation" is false.

<h3>What is account analysis?</h3>

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When account is analyzed, it helps account owners to easily identify trends. It also shows how an account is performing.

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2 years ago

A firm has a capital structure with $3 in equity and $3 of debt. The cost of equity capital is 0.17 and the pretax cost of debt

vampirchik [111]

Answer:10.06 %

Explanation:

WACC = (Cost of equity × weight of equity ) + (Cost of debt × weight of debt)

Cost of equity = 0.17

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0.06 × 0.52 = 0.0312

Weight of debt and equity = $3 / $6 = $0.5

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2 years ago

The commercial banking system, because of a recent change in the required reserve ratio from 8 percent to 10 percent, finds that

Rainbow [258]

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2 years ago