Answer:
$5,082
Explanation:
Calculation of the balance in Kent's deferred tax liability account as of December 31, 2021
Using this formula
Deferred tax liability balance =Cumulative future taxable amounts*Enacted tax rate
Where,
2021 Cumulative future taxable amounts =$24,200
Enacted tax rate=21%
Let plug in the formula
Deferred tax liability balance =$24,200*21%
Deferred tax liability balance =$5,082
Therefore the balance in Kent's deferred tax liability account as of December 31, 2021 will be $5,082
Answer:
A.
Explanation:
Monopolistic competition is a type of imperfect competition such that many producers sell products that are differentiated from one another (e.g. by branding or quality) and hence are not perfect substitutes. ... Unlike perfect competition, the firm maintains spare capacity.
Explanation:
a) It was due to capital flow.
b)Because of exchange of currencies that takes place between Asia and outside. This lead to decpreciation of Asian currencies and a lot of capital outflow. Unlike capital flow, trade flow does not happen over a short period of time it happens over a large period of time.
Answer:
1,950,000 grams
Explanation:
The computation of the material should be purchased is given below:
Raw materials purchased is
= Ending inventory of raw materials + Materials to be used - Beginning Inventory of raw materials
where,
Raw materials to be used = units produced × 7 grams
Units produced is
= Ending inventory of finished goods + units sold - beginning inventory of finished goods
= 30,000 units + 270,000 units - 20,000 units
= 280,000
Now raw materials used is
= 280,000 × 7 grams
= 1,960,000 grams
Now
Materials purchased = Ending inventory of raw materials + Materials to be used - Beginning Inventory of raw materials
= 40,000 grams + 1,960,000 grams - 50,000 grams
= 1,950,000 grams
D) Checkabe Deposits are assets for the bank