It A i just took the quiz and got it but fail
Answer:
Step-by-step explanation:
A: $0.1(x) + 25(y) = x + 25
B: $0.05(x) + $40(y) = x + 40
Because they didn't give a certain amount of miles traveled, we have to go with we do know.
**this is probably wrong.
2 1/7 X 3 2/3
first change into improper fraction
15/7 X 11/3
you can divide the 15 and 3 by 3 so it would be
5/7 X 11/1
and you get 55/7 or 7 6/7
Answer:
$3,000
Step-by-step explanation:
The computation of the balance in Kent deferred tax liability is shown below:
= {(December 31 2021) × (enacted tax rate)} - {(December 31 2020) × (Enacted tax rate)}
= {($25,000 × 25%) - ($13,000 × 25%)}
= $6,250 - $3,250
= $3,000
Along with the journal entry is also shown for better understanding
Income tax expense $41,500
To Deferred tax liability $3,000
To Income tax payable $38,250 ($153,000 × 25%)
(Being the income tax expense is recorded)
We debited the income tax expense as it increases the expenses account and on other side we credited the other two accounts as these are also increased
