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ser-zykov [4K]
3 years ago
11

Taylor Company began manufacturing operations on January 2, 20X1. During 20X1 Taylor reported pre-tax book income of $150,000 an

d had taxable income of $200,000. Taylor had a temporary difference relating to accrued product warranty costs which are expected to be paid as follows: 20X2$30,00020X3$15,00020X4$5,000 The enacted tax rates are 21% for 20X1 and 20X2; and 25% for 20X3 and 20X4. The deferred tax asset at the end of 20X1 is:
Business
1 answer:
aleksley [76]3 years ago
3 0

Answer:

$11,300

Explanation:

The computation of the deferred tax asset is shown below:

= 21%(20X2 Expense) + 25%(20X3 and 20X4 Expense)

= 21%($30,000) + 25%($15,000) + 25%($5,000)

= $6,300 + $3,750 + $1,250

= $11,300

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What is NOT affected by decisions of the federal Open Market Committee?
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There are five basic steps to personal financial planning and their related tasks. Arrange these steps and examples of related t
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Answer:

B. Evaluate your financial health. Record all expenses for a month to compare income and expenses.

D. Define your financial goals. Pay off credit​ card(s) by the end of this school term.

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3 years ago
Martha is upset at catherine over the dinner bill the night before. martha believes catherine should have split the bill but she
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3 years ago
Flagstaff Company has budgeted production units of 8,500 for July and 8,700 for August. The direct materials requirement per uni
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Answer:

17,080 ounces.

Explanation:

Given that,

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Direct material to be purchased:

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= 17,000 + 3,480 - 3,400

= 17,080 ounces.

5 0
3 years ago
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