Answer:
Explanation:
This question was computed in an Excel SOlver and the result are shown below:
Date Particulars Debit($) Credit($)
31-Dec-19 Income tax expense 62970
Deferred tax asset 4950
Income taxes payable 60360
Deferred tax liability 7560
(To record income tax expense
for the year)
31-Dec-20 Income tax expense 102150
Deferred tax asset 3780
Income taxes payable 103455
Deferred tax asset 2475
(To record income tax expense
for the year)
31-Dec-21 Income tax expense 43380
Deferred tax liability 3780
Income taxes payable 44685
Deferred tax Asset 2475
(TO record income tax expense
for the year)
Answer:
Some business incubators are started by developing countries.
Explanation:
A business incubator is a company that provides management training or office space services towards assistance to the development of new and startup companies. According to NBIA, business incubators tend to work as a catalyst tool for economic development either at regional or national level.
Developing countries refer to countries having an industrial base that is less developed along with HDI relativity with other nations.
Answer:
The accrued interest on the note at December 31, 2019 is $206.25
Explanation:
Fashion Jewelers accepted a 5-month, 11% note for $7,500.
The amount of interest for 1 year = 11% x $7,500 = $825
The amount of interest for 1 month = $825/12 = $68.75
From October 1, 2019 to December 31, 2019, Fashion Jewelers has accepted the note for 3 months.
The accrued interest on the note at December 31, 2019 = $68.75 x 3 = $206.25
They are using the Dual income and no kids method
Answer:
zero
Explanation:
The activity in this scenario is fund raising/ issue note to a bank which is booked in financing activities, not in operating activities.
Thus we can said "there's no operating activity in Madison Company cash flow of 2016" if there's no other information.
