The amount of deferred tax liability that Warren Company reports at the end of Year 1 is $20,000.
<h3>What is deferred tax liability?</h3>
Deferred tax liabilities arise from <u>taxes to be paid in the future</u> when future taxable amounts become <u>taxable</u> or when the temporary differences <u>reverse</u>.
<h3>Data and Calculations:</h3>
Installment sales included in income statement = $50,000
Collection of installment sales:
Year 2 = $25,000
Year 3 = $25,000
Tax rate = 40%
Deferred tax liability based on installment sales = $20,000 ($50,000 x 40%)
Thus, the amount of deferred tax liability that Warren Company reports at the end of Year 1 is $20,000.
Learn more about deferred tax liability at brainly.com/question/16102904
I believe the correct answer from the choices listed above is option A. <span>Theorists who emphasize the environment in explaining individual differences typically stress the importance of early experiences. Hope this answers the question. Have a nice day.</span>
Answer:
Following are the answer to this question:
Explanation:
Some information is missing in the question. So, the correct choices can be described as follows:
i) practicing international trade
ii) exporting products
iii) participating in globalization
- Maine has been globally traded because its, company transfers it's own goods at international frontiers when a client gives lobster with France in Maine.
- It exports products as its goods are manufactured in one nation, in this scenario the USA, is one other country, France in this case.
- Finally, it participates in the process of globalization because the company operates internationally by selling its products.
The answer is <u>"lack of access to cutting-edge technology".</u>
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Cutting-edge technology alludes to mechanical gadgets, methods or accomplishments that utilize the most present and abnormal state IT improvements; at the end of the day, innovation at the outskirts of learning. Driving and creative IT industry associations are regularly alluded to as "cutting edge."