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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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I think it might help you

7 0
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Rapp and Wunderman are subsidiaries of large agency holding companies that provide services for companies that want to communica
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The correct answer is letter "A": direct-marketing.

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3 years ago
The descriptions below give the responses of four individuals to a Bureau of Labor Statistics (BLS) survey of employment. Use th
aleksley [76]

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3 years ago
ABC company wants to start a new project but is unable to obtain the financing under any circumstances. This firm is facing:
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Answer:

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5 0
3 years ago
The test manual reports a reliability coefficient (r) of .92, which means:
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