C. Merit-based is the correct answer (APEX)
I have the same question if anyone can help please let me know
The answer is C
<span>Getting information from reliable sources</span>
Answer:
Dr Deferred Tax Liability $3,750,000
Cr Income Tax Benefit-Operating Loss $3,750,000
Explanation:
Based on the information given we were told that net operating loss of the amount of $15 million was reported for financial reporting and tax purposes in which the tax rate is 25%. Therefore the journal entry to recognize the income tax benefit of the net operating loss will be :
Dr Deferred Tax Liability $3,750,000
Cr Income Tax Benefit-Operating Loss $3,750,000
($15 million *25%)
Answer:
64.
Explanation:
We identify in the original equation what data we have and what we lack:
The problem statement gives us Y / L, which is the real GDP per worker = 3200, so we would lack K / L, which is the physical capital per worker, precisely, the data requested by the exercise. Therefore:
To find K / L we make a simple clearance:
The physical capital equals 64.
