Answer:
1) deferred tax asset = 4000
2) deffered tax Liability = 4000
Explanation:
1) Journalizing entry at 12/31/2017
deferred tax asset = tax ( per income tax) - tax ( per book tax )
= 32000 - 28000 = 4000
J<u>ournal Entry made for Income tax and deferred tax asset)
</u>
Account Debit Credit
Income Tax Expense 28000
Deffered Tax Asset 4000
Income Tax Payable
32000
2) Journalizing entry at 12/31/2018
Deffered tax Liability = Tax (per book) - Tax ( Income tax )
deffered tax Liability = 32000 - 28000 = 4000
<u>Journal Entry made for Income tax and deffered tax liability</u>
Account Debit Credit
Income Tax Expense 32000
To Deffered Tax Liability 4000
To Income Tax Payable 28000
Answer:
Verbal/linguistic learners prefer learning activities that involve reading, writing, and speaking.
Explanation:
As per ALS or administrative license suspension or revocation, a blood alcohol concentration of 0.08% or higher will automatically suspend you administratively aside from refusing to submit a chemical test. Automatically, licenses will be confiscated and will be suspended of criminal proceedings independently.
Answer:
Fixed costs= $300,000
Explanation:
Giving the following information:
Selling price per unit= $20
Variable expenses= $14
Break-even point in units= 50,000
<u>To calculate the fixed costs, we need to use the following formula:</u>
Break-even point in units= fixed costs/ contribution margin per unit
50,000= fixed costs / (20 - 14)
50,000*6= fixed costs
Fixed costs= $300,000
<span>Can create mental map of the chosen routes. By following certain routes on a daily basis, a person can mentally remember how to get to destination without having to do recalling that anyone would do when they haven't fully remember how to get there. There wouldn't be a need to use GPS or mapping app, if he or she can recall how to get there.</span>
