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NikAS [45]
3 years ago
11

Giada Foods reported $1,010 million in income before income taxes for 2021, its first year of operations. Tax depreciation excee

ds depreciation for financial reporting purposes by $170 million. The company also had non-tax-deductible expenses of $108 million relating to permanent differences. The income tax rate for 2021 was 25%, but the enacted rate for years after 2021 is 30%. The balance in the deferred tax liability in the December 31, 2021, balance sheet is:
Business
1 answer:
Fiesta28 [93]3 years ago
6 0

Answer:

$32.4 million

Explanation:

The computation of the balance in the deferred tax liability in the December 31, 2021, balance sheet is shown below:

Deferred tax liability  is

= Tax depreciation exceeded depreciation for financial reporting purposes × enacted tax rate

= $108 million × 30%

= $32.4 million

Simply we multiplied the exceeded amount with the enacted rate so that the deferred tax liability could come

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5 0
3 years ago
Cristiano Ronaldo is comparing a manufacturing operation using regular lot-sizing and the same operation with a kanban/lean prod
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Answer:

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4 0
3 years ago
In​ 1916, the ford motor company sold​ 500,000 model t fords at a price of​ $440. henry ford believed that he could increase sal
quester [9]
For the answer to the question above,
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(New - Old)/ (Ave. of New and Old)

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Then the answer would be .0020
Then
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6 0
3 years ago
Should scalpers go get a d*mn life and get a real job instead of sitting inside their homes and skipping showers 5 times a week
Sindrei [870]

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Explanation:

4 0
3 years ago
General Mills and Nestlé work together to distribute General Mills products in about 140 international markets from Mexico to Ch
Flura [38]

Answer: a strategic channel alliance

                                   

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3 years ago
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