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Ostrovityanka [42]
3 years ago
11

Differences between financial statement and taxable income were as follows:

Business
1 answer:
pychu [463]3 years ago
6 0

Answer:

Deferred tax liability = $26,000,000

Explanation:

The deferred tax liability is calculated at the tax rate of 40% on the future taxable income:

Deferred tax liability = $104,000,000*25%

Deferred tax liability = $26,000,000

Thus, $260,00,000 is the deferred tax asset or liability amount to be reported in the balance sheet as current or long term.

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Answer:

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2 years ago
The northern vision of the Reconstruction-era southern economy included all of the following EXCEPT:
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Answer:

A. the labor system would be as close to slavery as possible, thereby assuring high productivity.

Explanation:

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As the main objective of such reconstruction was to remove slavery at maximum. And with the end of such reconstruction era there was an end to slavery.

Accordingly, new constitutional rights to people earlier under slavery were provided.

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3 years ago
3 . Relationship between tax revenues, deadweight loss, and demandelasticity
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3 years ago
A(n) _______________, if signed by a majority of the members of the house of representatives, will pry a bill from committee and
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7 0
3 years ago
How do businesses determine the equilibrium price of a good or service?
Helen [10]

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willing to supply

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