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Alex777 [14]
4 years ago
13

Which of the following items is not a temporary difference? A. Vacation pay accrued for tax purposes in a prior period is deduct

ed in the current periodB. Tax depreciation for the period exceeds book depreciationC. A goodwill impairment expense is recorded on the income statement
Business
1 answer:
Black_prince [1.1K]4 years ago
3 0

Answer: the correct answer is B. Tax depreciation for the period exceeds book depreciation.

You might be interested in
Exercise 23-4 Make or buy decision LO A1 Gilberto Company currently manufactures 50,000 units per year of one of its crucial par
Nitella [24]

Complete Question

Exercise 23-4 Make or buy decision LO A1 Gilberto Company currently manufactures 50,000 units per year of one of its crucial parts. Variable costs are $2.40 per unit, fixed costs related to making this part are $50,000 per year, and allocated fixed costs are $55,000 per year. Allocated fixed costs are unavoidable whether the company makes or buys the part. Gilberto is considering buying the part from a supplier for a quoted price of $3.60 per unit guaranteed for a three-year period

Calculate the incremental cost of making 50,000 units

Answer

Incremental costs         $ 10,000

Explanation:

Relevant cost are future incremental cash cost that arise as a direct consequence of a decision.

The relevant costs of making the tires internally are

                                                                                                       $

Variable cost of external purchase ( ($3.60 ×50,000)          180,000

Variable cost of making - ($2.40 ×50,000)                           <u>(120,000)</u>

Extra variable cost of making                                                  60,000

Savings in Specific fixed   cost                                               <u>(50,000</u>

Incremental costs                                                                    <u>10,000</u>

5 0
3 years ago
3. At what point do crime scene photographers enter the scene of the crime and why?
Shkiper50 [21]
After crime scene is cleared with all finger prints taken.
6 0
3 years ago
Marvin sold 2,300 units of inventory during the month. ending inventory assuming weighted-average cost would be (round weighted-
juin [17]

Cost of Ending Inventory = $5,087

Ending inventory is the entire price of products you have available on the market at the quit of an accounting length, just like the stop of your economic year. it's an stock accounting approach that facilitates retailers benchmark net profits, acquire financing, and run accurate inventory assessments.

The basic formula for calculating ending inventory is: beginning inventory + internet purchases – cost of goods = finishing inventory. Our beginning inventory is the last length's ending stock. The net purchases are the gadgets you've got sold and brought for your inventory rely

Number of units sold = 2,300

Number of units in ending inventory = Number of units available for sale - Number of units sold

Number of units in ending inventory = 3,000 - 2,300

Number of units in ending inventory = 700

Cost of Ending Inventory = Number of units in ending inventory * Cost per unit

Cost of Ending Inventory = 700 * $7.267

Cost of Ending Inventory = $5,087

Learn more about ending inventory here:- brainly.com/question/24868116

#SPJ4

7 0
2 years ago
George Kyparisis owns a company that manufactures sailboats. Actual demand for​ George's sailboats during each of the past four
expeople1 [14]

Answer:

Forecast for Spring season demand year 5 = 1,680 sailboats

Explanation:

total demand:

year 1 = 4,560

year 2 = 5,590

year 3 = 5,410

year 4 = 5,040

average quarterly demand:

year 1 = 4,560 / 4 = 1,140

year 2 = 5,590 / 4 = 1,397.5

year 3 = 5,410 / 4 = 1,352.5

year 4 = 5,040 / 4 = 1,260

Spring season demand:

year 1 = 1,520

year 2 = 1,400

year 3 = 1,640

year 4 = 1,580

Seasonal factor for Spring season:

year 1 = 1,520 / 4,560 = 0.3333

year 2 = 1,400 / 5,590 = 0.2504

year 3 = 1,640 / 5,410 = 0.3031

year 4 = 1,580 / 5,040 = 0.3135

Average seasonal factors for Spring season = (0.3333 + 0.2504 + 0.3031 + 0.3135) / 4 = 0.3

Forecast for Spring season demand year 5 = 0.3 x 5,600 sailboats = 1,680 sailboats

4 0
3 years ago
Select the statement which best describes the primary purpose of closing entries a. To complete the recording of various transac
ValentinkaMS [17]

Answer: c. To reduce the balances of revenue and expense accounts to zero so that they may be used to accumulate the revenues and expenses of the next period.

Explanation:

Closing entries are the journal entries that are made at the end of an accounting period in order to be able to transfer temporary accounts to the permanent accounts.

The primary purpose of closing entries is to reduce the balances of revenue and expense accounts to zero so that they may be used to accumulate the revenues and expenses of the next period.

Therefore, the correct option is C.

7 0
3 years ago
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