Strengths.
Employment, education, skills and abilities are all part of your resume, whereas the cover letter is an opportunity to pain the picture of your strengths
Archer has been using BMW's marketing Web site. This is a <u>true</u> statement.
<u>Explanation</u>:
A website is a collection of web pages that provides content related to the search. Many businesses have separate website for featuring and selling their product.
In the above scenario, Stephanie was surfing marketing website of the BMW Company. She wishes to purchase a BMW convertible car. So she was saving money to purchase it. Stephanie spent many hours on the BMW website to study about the various options and models available in the car. She was also choosing the interior and exterior colors of the car.
Answer:
Income tax payable 2018 = $43 x 40% = $17.2 million
deferred tax liability = temporary difference x change in income taxes = $33 million x (40% - 30%) = $3.3 million
income tax expense = income tax payable - deferred tax liability = $17.2 million - $3.3 million = $13.9 million
a. Determine the effect of the change and prepare the appropriate journal entry to record Bronson's income tax expense in 2016.
- Dr Income tax expense 13,900,000
- Dr Deferred tax liability 3,300,000
- Cr Income tax payable 17,200,000
b. What adjustment, if any, is needed to revise retained earnings as a result of the change?
- Deferred tax assets and liabilities affect the current retained earnings, but no adjusting entry is needed.
- Deferred tax assets and liabilities result in differences between US GAAP rules and the rules that the accounting rules used by the IRS (e.g. expensing asset purchases). Generally the greatest effects of deferred tax assets and liabilities are seen in the cash flow statements, not retained earnings.
Answer:
b. Expenses are increased on the left side of their T-account because they decrease equity.
Explanation:
Expenses arise during operation. The conceptual framework defines expenses as decrease in economic benefits as a result of increase in liabilities and decreases in assets. The result being a decrease in equity attributable to shareholders. Examples of expenses include depreciation, interest, utilities and wages expenses.
Answer:
1. Yes, overshooting is consistent with PPP. Investors forecast the expected exchange rate based on the theory of PPP. When there is some change in the market, the investors know the exchange rate will change to equate relative prices in the long run. This is why we observe overshooting in the short run. The investors incorporate this information into their short-run forecasts.
2. Exchange rates are volatile in the short run. The theory's implication that there is exchange rate overshooting (in response to permanent shocks) is one explanation for short-run volatility in
exchange rates.