Answer:
Income Tax Expense (Dr.) $49,080,000
Deferred Tax Liability (Cr.) $49,080,000
Explanation:
Income tax expense = ( Taxable Income for the year + building and equipment taxable amount + Prepaid Insurance - Liability or contingency Loss ) * Tax rate
Income Tax expense = ( $117,000,000 + $14,700,000 + $2,300,000 - $11,300,000) * 40%
Income Tax expense = $49,080,000
Answer:
Franchisor
Explanation:
The franchisor is the owner of the brand, while the franchisee is the one that uses its brand through a franchise contract
Answer:
= $ 650,000.
Explanation:
<em>Gross profit </em><em>is the profit made after subtracting the cost of the goods were sold (cost of inputs) to generate the revenue.</em>
Gross profit = Revenue - cost of sales
Cost of sales = opening inventory + production cost - closing inventory
Cost of sales = 50,000 + 2,200,000 - 150,000
= $2,100,000.
Gross profit = $2,750,000 - $2,100,000.
= $ 650,000.
Senior discount is the phrase that a licensee could use in advertising that would not discriminate.
A familial status discrimination is known to occurs when the landlord, manager or property owner treats someone very differently.
The other options clearly discriminate the familial status.
Hence, the Senior discount is the phrase that a licensee could use in advertising that would not discriminate.
Therefore, the Option is correct.
Missing options <em>"Couples only Empty nesters No bicycles allowed Senior discount"</em>
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Read more about Discount
<em>brainly.com/question/912869</em>
Answer:
<em>Traditional savings account</em>
Explanation:
A Traditional savings account is a banks or other financial institution's interest-bearing deposit fund.
While these accounts usually pay a moderate rate of interest, their stability and efficiency make them a decent option for short-term saving cash that you want.
Traditional savings accounts have some constraints on how many times one can withdraw money, however they usually offer outstanding versatility that is suitable for developing an emergency savings, or merely sweeping excess cash that you don't need in your checking account so you can earn more interest somewhere else.
