Answer:
$11,250
Explanation:
Deferred tax asset = Warranty expense in excess of deductible amount * Tax rate
Deferred tax asset = $25,000 * 25%
Deferred tax asset = $6,250
Deferred Tax liability = Depreciation in excess of financial statement amount * Tax rate
Deferred Tax liability = $70,000 * 25%
Deferred Tax liability = $17,500
Non-Current deferred tax liability = $17,500 - $6,250 = $11,250
Hence, Fieval should report $11,250 as the deferred income taxes in its 2021 balance sheet
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Place utility is created by making a product available at a location where customers wish to purchase it.
'The final step in recognizing the completion of production requires a company to debit Finished-Goods Inventory and credit Work-in-Process Inventory.
Production is the process of making or producing goods or products from raw materials or parts. In other words, production takes inputs and uses them to create outputs suitable for consumption, i.e. goods or products of value to the end-user or customer.
Production is the process of making, harvesting, or creating something, or the quantity of something manufactured or harvested. An example of production is the manufacture of furniture. An example of production is harvesting corn for food. An example of production is corn production.
The economist classifies the factors of production into his four categories: land, labor, capital and entrepreneurship. The first element of production is land, which includes all natural resources used to produce goods and services.
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Answer:
$207,215
Explanation:
Loan Payment :
5 years, Loan = $6,000,000, Interest rate = 10%, Each payment = $1,790,000
using a financial calculator, N = 5, 1/Y = 10%, PV = - 6,000,000, FV = 0,
Calculating, PMT = $1,582,725
Therefore, difference = $1,790,000 - $1,582,725 = $207,215