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Mariana [72]
3 years ago
15

"A company has two temporary differences resulting in deferred tax consequences." One difference results in a deferred tax asset

; the other difference results in a deferred tax liability. The deferred tax asset is greater than the deferred tax liability. How should the company report the deferred tax consequences of the temporary differences on the balance sheet
Business
1 answer:
Blababa [14]3 years ago
4 0

Answer: The deferred tax are reported as non-current on the balance sheet.

Explanation:

Non-current field in a balance sheet include valuation allowance along with deferred tax.

Deferred tax can fall under the category of liability or asset.

When a company pays extra or advance tax to the government, it falls under deferred tax asset category and same will be returned back to the company.

When there is a difference between company's accounting and tax carrying values, then deferred tax is considered as liability in the balanced sheet.

In case deferred tax is a liability then company will have to pay that extra tax because of a transaction that took place in this period and resulted in the difference.

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Suppose economic conditions call for a tax increase but Congress does not implement this measure because an election is approach
Daniel [21]

Answer:

Implementation lag

Explanation:

there are four types of lags associated with fiscal policy

Administrative lag is the time it takes to enact the needed policies. Operational lag is the time it takes for the policy to be enacted to the time the effects are felt in the economy

Recognition lag is the amount of time it takes for authorities to recognise a problem in the economy that needs fiscal policy intervention.

Implementation lag is the amount of time it takes for fiscal policy decisions to be implemented.

3 0
4 years ago
PLEASE HELP ME????
zalisa [80]
B is the answer a teenage requires between 7 to 8 hours sleep
6 0
4 years ago
Read 2 more answers
According to dr. w. edwards deming's quality movement, quality efforts need to be _____ and _____ improved.
natka813 [3]

According to dr. w. Edwards Deming's quality movement and quality efforts need to be constantly and consistently improved.

Deming is widely recognized as one of, if not the founders of total quality management. Deming is largely credited with the revolution in Japanese manufacturing management that led to the economic boom of the 1970s and 1980s.

In the 1930s, Deming was intrigued by the idea of ​​using statistics to improve quality control. His focus was on improving production and eliminating future failures by systematically collecting failure records and investigating and correcting root causes.

Deming's philosophy known as Dr. Deming's "Management Theory" and later "systems of profound knowledge" represent a holistic approach to leadership and management. philosophy brings together an understanding of variation, epistemology, psychology, and appreciation of the system.

Learn more about  Deming here brainly.com/question/26326939

#SPJ4

5 0
2 years ago
David ungar holds a dunkin' donuts franchise. The terms of his franchise agreement require him to use only those ingredients fur
Andrej [43]

In a franchise, the franchisor allows the franchisee to  trade under its name and see its products for a fee  The franchisee pays an original fee to franchisor and a percentage of its profit for the privilege.So,since, Dunkin' Doughnuts is sharing its' brand name and image with David Ungar(his franchisee) it would definately want to improve it...at the least maintain it...David too is right on the other hand as there can be a possibility that he wants to use ingredients of a much higher quality than that provided.But dunkin' doughnuts can't still allow to do that as it has other franchisees to look after.Imagine that=>all the franchisees of dunkin' doughnuts use different ingredients with different quality..wouldn't this affects the image of the franchisor...also all the food items they sell will have a different taste depending on the ingredients.And if one of the franchisee buys cheap ingredients... thereby producing low quality out put ..the customers will not be satisfied...this will not only affect that franchisee but also the Brand image of the whole business worldwide.

To conclude,David may not be wrong with his idea but since dunkin' doughnuts is a big business with a good brand image...it has its' terms and requirements.

5 0
3 years ago
In the year, 2005 Janice Quinn sells a five-year-old car to Used Car, Inc. for $3,000. In the same year, Used Car, Inc. resells
Fittoniya [83]

Answer:

$500

Explanation:

The computation is shown below:

Data provided in the question

Sale value of five year old car to used car = $3,000

Now in the same year, the resales value to Ima Goner = $3,500

So, the contribution made in the GDP for the year 2005 is

= Resales value to Ima Goner - Sale value of five year old car to used car

= $3,500 - $3,000

= $500

5 0
4 years ago
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