Answer:
$1,200,000
Explanation:
Estimated Letigation Expenses 4,000,000.00
Tax Rate 30%
Deferred Tax Assets 1,200,000.00
Estimated Litigation Expenses which is disallowed for tax purposes will be future deductible expenses when we will make the actual payment of the liability. So the Tax liability in the future year will decrease, so we will make the Deferred Tax Assets for this.
Therefore, The deferred tax liability to be recognized is 1,200,000
Answer:
c.Head of the contracting activity
Explanation:
Answer:
Explanation: Subtract from net income to arrive at net cash flows from operating activities.
A firm in a perfectly competitive market: d. must take the price that is determined in the market.
<h3>What is a
perfectly competitive market?</h3>
A perfectly competitive market can be defined as a type of market in which there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.
This ultimately implies that, all business firms in a perfectly competitive market must be willing to take the price that is determined in the market.
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Answer:
C. the benefit drived from the product
Explanation:
