Answer:
D) Income Tax Expense for $80,000.
Explanation:
The computation is shown below:
Since the corporate tax rate is increased from 30% to 40% and the taxable temporary difference is of $800,000 so the change would be
= $800,0000 × difference in tax rate
= $800,000 × 10%
= $80,000
This amount i.e $80,000 would be debited and shown as an income tax expense
Moreover, the deferred tax liability is ignored
To calculate the amount that Sophie will have at the end of 10 years given that she deposited $2000 that earns a rate of 8% will be given by:
A=P(1+r/100)^n
where;
A=future amount
P=principle
r=rate
n=time;
from our question;
P=$2000
r=8%
n=10 years;
Thus;
A=2000(1+8/100)^10
A=2000(1+0.08)^10
A=2000(1.08)^10
A=4,317.85
Therefore at the end of 10 years Sophie will have $4,317.85
Answer:
Owners may not redeem after the foreclosure sale
Explanation:
In the case when the foreclosure sale is made than the trustor or the mortgagor wants to claim again with respect to the residential property In Colorado at than time when the owners does not redeem it when the foreclosure sale is made
Therefore the above is the answer
hence, the same is to be considered
Answer:
C
Explanation:
Upward communication is communication from lower hierarchy in the organisation to higher hierarchy in the organisation
Downward communication is communication from higher hierarchy in the organisation to lower hierarchy in the organisation
Horizontal communication is communication within the same organisation hierarchy
Diagonal communication is cross functional communication between employees at different levels of the organisation
Answer:
a. True
Explanation:
Statement of cash flow is a part of a complete set of the financial statements
of an entity. It provides information about:
the cash flows of the entity during the reporting period, and
the changes in cash and cash equivalents during the period.
The purpose of a statement of cash flows is to show what the cash flows of the entity have been.It can also be used to make assessments of what the cash flows of the entity might be in the future.
In other words, the cash flow statement is a compressed version of the company's check book that includes a few other items that affect cash, like the financing section, which shows how much the company spent or collected from the repurchase or sale of shares, the amount of issuance or retirement of debt and the amount the company paid out in dividends.
So based on the above discussion, answer is a. True
