Answer:
The answer is: Stone can report $8,750 as deferred income tax liability
Explanation:
Deferred income tax liability: income tax owed by a business that is put off into future years because a difference exists between GAAP accounting (in this case book depreciation) and income tax accounting.
The deferred tax liability is based on the difference on depreciation. Since 20x9 is Stone Co.'s first year of operations, the depreciation difference in this year must equal the net future depreciation difference.
To calculate the deferred tax liability balance we take the difference in depreciation and multiply it by the future tax rate: $25,000 x 35% = $8,750.
Answer: innovator
Explanation:
From the question, we are informed that whenever Andrew considers upgrading his personal computer system, he normally consults with Jeremy, a knowledgeable friend who always has the newest technology.
Regarding the question, Jeremy is an innovator. An innovator is someone who has embraced new ideas and is always trying out new gadgets and technology.
Answer:
False.
Explanation:
While it is true that groups often form naturally, it is false that you can't have much influence over a group. A strong leader who understands management principals will be able to influence group dynamics.
Answer:
$99,000
Explanation:
According to the scenario, computation of the given data are as follows,
Net income = $55,000
Add- Depreciation expense = $70,000
Less- prepaid rent = $50,000
Add- accounts payable = $11,000
Add- Income tax payable = $13,000
Total = $99,000
Hence, Net cash flow from operating activities = $99,000
Answer:
d
Explanation:
the interest on a loan or deposit calculated based on both the initial principal and the accumulated interest from previous periods.
