Answer: $4,750
Explanation:
In calculating the deferred tax liability Tringali should use only the Temporary Difference as the Permanent difference is not considered and the temporary difference creates a difference in tax that will be paid later.
Doing that therefore will result in the following,
= 25% * 19,000
= $4,750
$4,750 is the amount that Tringali should report as its deferred income tax liability as of the end of its first year of operations.
I do not see it in the options but it is the correct answer.
Answer:
The common stock at January 
is 
Explanation:
Total equity 
Total Liabilities 
Total asset as on December 
Learn more about common stock, refer :
brainly.com/question/11453024
Answer:
a shortage would arise since quantity demanded would exceed the quantity supplied
Explanation:
The law of demand states an inverse relationship between price of a good and it's demand.
In the given case, per month rental for rooms has significantly reduced for students. This would result into an immediate increase in demand for the rooms. Now since, the rooms available are limited in number, a shortage would arise.
Owing to such a shortage, a possibility would arise wherein students who do not require such rooms may avail such rooms at $500 and subsequently let out the rooms to outsiders at anything below $900 thereby earning a profit.
