Answer:
$87,120
Explanation:
The calculation of the deferred tax asset for the NOL carryforward is given below:
= (Year 2021 loss - Year 2022 income) × tax rate applicable for all years
= ($600,000 - $358,000) × 36%
= $242,000 × 36%
= $87,120
Since in a year 2021 it is a loss and the income in year 2022 that is to be adjusted and the same is considered in the computation part
Hence, the deferred tax assets for the NOL carryforward is $87,120
Answer: They include land (including natural resources), capital, and labor.
Explanation:
Answer:
The correct answer is letter "B": make a profit.
Explanation:
Every business idea starts with the objective of reaching the same purpose: making a profit. The profit measures how well an organization went given a period and determines if its operations will continue the same, contract or expand. Thanks to the profits, wages can be paid to employees and taxes can be collected so the region's government can also attempt to achieve society's goals.
Answer:
the amount of interest expense as on June 30 is $50,000
Explanation:
The computation of the amount of interest expense as on June 30 is shown below
= Bond amount × rate of interest × number of months ÷ total number of months
= $2,000,000 × 5 months × 6 months ÷ 12 months
= $50,000
hence, the amount of interest expense as on June 30 is $50,000
We simply applied the above formula so that the correct value could come
And, the same is to be considered
