As of the year 2013, the amount of deferred tax liability that Colgate was known to have was USD 83 million.
<h3>What is meant by deferred tax liability?</h3>
On the balance sheet of an organization, the deferred tax sheet shows us the taxes that are owed by the owed that are not due for payment until a date in the future.
Colgate was said to have had a deferred liability that was 83 million dollars at that time.
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Answer:
Cash Collection is $122,000
Receivable as on August 31, is $97,000
Explanation:
Total budgeted cash collection in the month of August is $122,000 and total receivables as on August 31 is $97,000.
A schedule for the cash collection is made in MS Excel file, which is attached with this answer, please find it.
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Answer:
D. the executive summary
Explanation:
Front matter is the initial part of a report and comprises the following: title page, abstract, table of contents, list of figures etc.
The executive summary just like the abstract is a front matter because another definition of front matter is that they are always prepared after the other parts of the report has been concluded; and this holds true for the executive summary.
Lastly, 'front matter' also gets their name from the position they occupy in a report, and executive summary falls into that category.
Answer:
$441,000
Explanation:
The U Co. accrual- basis purchases for the current year can be determined using the following mentioned formula:
Accrual basis purchases=ending accounts payable balance+Cash paid for purchases during the current year-opening accounts payable balance
Accrual basis purchases=$50,000+$455,000-$64,000=$441,000