Answer:
Government policies specific to the entrepreneurs business is the answer. This is the only external factor.
Explanation:
Answer:
$5,082
Explanation:
Calculation of the balance in Kent's deferred tax liability account as of December 31, 2021
Using this formula
Deferred tax liability balance =Cumulative future taxable amounts*Enacted tax rate
Where,
2021 Cumulative future taxable amounts =$24,200
Enacted tax rate=21%
Let plug in the formula
Deferred tax liability balance =$24,200*21%
Deferred tax liability balance =$5,082
Therefore the balance in Kent's deferred tax liability account as of December 31, 2021 will be $5,082
Future expectations for the mentioned items are as follows-
- Gold- The price would appreciate in the times to come
- Oil- The price would be at floor bottom in coming times with minor upticks at intervals
- Japanese Yen- The currency would depriciate with respect to USD
Explanation:
Given the Corona epidemic, ensuing US-China trade wars, US-Iran fiasco and dampening global growth prospects, the global economy is going through a phase of slowdown, if not recession.
Hence the general future expectation for the commodities are as follows-
- Gold- With global growths deepening and share markets crashing, investors would probably store their wealth in the form of gold. This would lead to appreciation in the gold prices. The prices have spiralled upwards in the last few months and would continue doing so in times ahead.
- Oil- Lack of demand, forced lockdowns of the economy, disrupted global growth has reduced the demand of the oil. Hence the demand graph has fallen and consequentially the prices of oil which is a floor value. It would continue to remain doing do so in times ahead.
- Japanese Yen- Yen would depreciate during this time due to the strengthening of the US dollar. This depreciation would continue.
Its probably C. The other answers are highly unlikely.
Answer:
$42,000
Explanation:
The computation of the loss to be reported is shown below:
As there are finance charge of 3% and retains 5% so the total percentage of loss is 8%
And, the carrying amount os $700,000
So, the loss i.e. to be reported is
= Carrying amount × total percentage of loss
= $700,000 × 8%
= $42,000
hence, the loss is $42,000
