Answer:
104 million
Explanation:
A = Income from continuing operations before tax
B = Accrued warranty expense in excess of expense included in operating income
C = Depreciation deducted on tax return in excess of depreciation expense
D = Nondeductible portion of entertainment expense
E = Applicable enacted tax rate for all periods
Tax payable = (A - B - C + D) * E
Tax payable = (250 - 10 - 15 + 10) * 40% = 235 * 40% = 94 million
Deferred tax = (B + C) * E
Deferred tax = (10 + 15) * 40% = 25 * 40% = 10 million
Total tax expense = Tax payable + Deferred tax
= 94 million + 10 million = 104 million
Hope this helps!
Answer: d) a rise in input prices; a decrease in the number of sellers in the market; a rise in the price of a substitute in production.
Explanation:
Supply simply has to do with the amount of goods that a particular producer is willing to sell to economic agents at a particular price and at a given time.
It should be noted that rise in input prices; a decrease in the number of sellers in the market; a rise in the price of a substitute in production would cause a reduction in supply of goods and services.
This is because when the number of sellers reduce, the supply will also reduce as there are lesser people supplying the goods. Also, when the prices of input increases, it affects cost and supply reduces.
Therefore, the correct option is D.
Inflation I'm pretty sure, hope it helps ;)
Answer:
C) International Financial Reporting Standards
Explanation:
The International Financial Reporting Standards are accounting standards which are recognized and issued out by the International Accounting Standards Board (I.A.S.B) and the International Financial Reporting Standard Foundation with the former being responsible for accepting or approving and issuing of standards used in accounting by accountants. These accounting standards make up a standard manner in which a company or firm's financial performance is evaluated using their financial statements which should be understandable. These accounting standards are used by firms which own shares on a public stock exchange.
Both a company placing emphasis on ethics and a company providing moral leadership