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erastova [34]
3 years ago
5

Which of the following is NOT a common feature of a

Business
1 answer:
insens350 [35]3 years ago
4 0

Answer:

b I think it was the best answer

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For the year ended December 31, 2021, Fidelity Engineering reported pretax accounting income of $984,000. Selected information f
Sati [7]

Answer and Explanation:

According to the scenario, computation of the given data are as follow:-

1).

Particular Amount ($) Tax rate                  Tax amount($)

Accounting income $984,000  

Less-Interest income on municipal bond -$40,000  

Income to taxation $944,000 $0.25                 $236,000

Less-tax return in excess of depreciation -$64,000 0.25 $16,000

Warranty expenses($30,000-$20,000) $10,000 0.25 $2,500

Taxable income $890,000 0.25 $222,500

Now

Journal Entry

Income tax expense A/c      Dr.$236,000

Deferred  tax asset A/c      Dr.$2500

To Deferred  tax liability A/c   $16,000

To Income tax payable A/c        $222,500  

(Being the income tax  expense for 2021 is recorded )

2 .Net Income of Fidelity = Accounting Income - Income Tax Expense

= $984,000 - $236,000

= $784,000

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Economists refer to the relationship that a higher price leads to a higher quantity supplied as the
Sphinxa [80]
Economist refer to this as the demand.  
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Mishaps are normally caused by a series of conditions within a chain-of-events that set the stage for an active failure.
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Most likely true I think
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Property rights are the right of the government to own, use, and dispose of resources in an economy.
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The statement above is false. 


Property rights allude to the hypothetical and lawful responsibility for property by people and the capacity to decide how such property is utilized. In numerous nations, including the United States, people for the most part practice private property rights – the privileges of private people to collect, hold, delegate, lease or offer their property. In financial matters, property rights shape the reason for all market trade, and the allotment of property rights in a general public influences the productivity of asset utilize.
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The ____ is an award given by the president of the united states to organizations that apply and are judged to be outstanding in
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The answer to the question is the "Malcolm Baldrige National Quality Award". This is the type of award that was granted or given by the president of the United States to organizations that implement and are judged to be outstanding in specific managerial tasks such as will result in the improvement of products and services.
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