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sineoko [7]
3 years ago
14

Smith Company reported pretax book income of $400,000. Included in the computation were favorable temporary differences of $50,0

00, unfavorable temporary differences of $20,000, and favorable permanent differences of $40,000. Smith's deferred income tax expense or benefit would be:
Business
1 answer:
Hoochie [10]3 years ago
3 0

Answer:

$10,200

Explanation:

The computation of the deferred income tax expense or benefit is shown below:

Favorable temporary difference = $50,000

Less:  Unfavorable temporary difference -$20,000

Net favorable temporary difference $30,000

We assume the tax rate is of 34%

So, the deferred tax expense is

= $30,000 × 34%

= $10,200

By finding out the net favorable temporary difference and then multiplied with the tax rate we can get the deferred tax expense and the same is shown above

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As we look into the future the traditional purchasing approach will be transformed into E-sourcing.

<h3>What is  E-sourcing?</h3>
  • The typical seven-step sourcing procedure can be used with a number of e-Sourcing solutions.
  • The procedures are the same whether e-sourcing software is used or not.
  • The distinction is in how you carry out each action.
  • You should choose the tools as a category manager or sourcing specialist that are most compatible with your company's goals.
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  • Simply put, e-Sourcing is a group of digital tools that aid in streamlining, streamlining, and improving the strategic sourcing activities and procurement processes carried out by the procurement team of an organization.

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1 year ago
1. Explain interpersonal skills in your own words
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3 years ago
Roles of organizational structure in an organization
scoray [572]

Answer:

The role of organizational structure is to help make clear who answers to whom and where they fit in the chain of command

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2 years ago
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4 0
3 years ago
Modern Federal Bank is setting up a brand-new branch. The cost of the project will be $1.2 million. The branch will create addit
KonstantinChe [14]

Answer:

23.12%

Explanation:

Internal rate of return (IRR) is the rate at which the Net present value (NPV) of a project equals to zero.

Using a financial calculator and the CF function, input the following to find IRR;

Initial investment; CF0 = -1,200,000

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Yr2 cashflow inflow ; C02 = 412,300

Yr3 cashflow inflow ; C03 = 665,000

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3 years ago
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