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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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Consider a country that is operating under a system of flexible exchange rates. If the central bank in this country imposes an e

UNO [17]

Answer:

i a depreciation of its currency;

Explanation:

A flexible exchange rate is when exchange rate is determined by the forces of demand and supply.

an expansionary monetary policy is a policy where the monetary authorities increase the money supply in the economy.

If exchange rate is flexible and an expansionary monetary policy is carried out, the supply of money would exceed its demand. as a result, the value of money would fall. this is known as depreciation

3 0

3 years ago

Company Expenses Total Assets Net Income Total Liabilities Dreamworks $ 22,000 $ 40,000 $ 19,000 $ 30,000 Pixar 67,000 150,000 2

Luda [366]

Answer:

Expenses Total Assets Net Income Total Liabilities

Dreamworks $22,000 $40,000 $19,000 $30,000

Pixar $67,000 $150,000 $27,000 $147,000

Universal $12,000 $68,000 $5,000 $17,000

<u>Debt ratio:</u> Total Debt / Total Assets

Dreamworks = $30,000 / $40,000 = 0.75

Pixar = $147,000 / $150,000 = 0.98

Universal = $17,000 / $68,000 = 0.25

<u>Financial Leverage:</u> Asset / Equity

Dreamworks = $40,000 / (40,000-30,0000) = 4

Pixar = $150,000 / (150,000-147,000) = 50

Universal = $68,000 / (68,000-17000) = 1.33

Pixar Has the most financial leverage.

7 0

3 years ago

Blue Corporation had the following 2017 income statement. Revenues $102,000 Expenses 65,000 $37,000 In 2017, Blue had the follow

nalin [4]

Answer:

Cash provided by operating activities =$28,700.

Explanation:

Look at attachment for step by step guide.

8 0

3 years ago

Opinion: You have an opportunity to attend a four-year college for free. However, you are required to major in a career area tha

juin [17]

Answer:

I would go ahead and avail this opportunity. Although it is a wide spread phenomenon that one should only acquire a degree in a field which is at a boom and is possibly going to be successful in the future. But times keep changing. Fields and phenomenon which did not have a chance in the past have now become most successful with unfulfilled potential.

On the other hand, acquiring college education is a luxury. 4 years without paying for it is a chance that nobody should miss. You can come up with creative ideas to make that degree work. Besides, people do not actually get the jobs according to their degrees. So there is a possibility that I would land a job.

7 0

3 years ago

When making financial decisions, it is important that you critically evaluate the source.

svetoff [14.1K]

Hello,

Here is your answer:

The proper answer is option A "true". It is extremely important to find the source of the information because the source could not be verified (which means its giving false information).

Your answer is A.

If you need anymore help feel free to ask me!

Hope this helps!

7 0

3 years ago

Read 2 more answers