Answer:
Income tax payable 2018 = $43 x 40% = $17.2 million
deferred tax liability = temporary difference x change in income taxes = $33 million x (40% - 30%) = $3.3 million
income tax expense = income tax payable - deferred tax liability = $17.2 million - $3.3 million = $13.9 million
a. Determine the effect of the change and prepare the appropriate journal entry to record Bronson's income tax expense in 2016.
- Dr Income tax expense 13,900,000
- Dr Deferred tax liability 3,300,000
- Cr Income tax payable 17,200,000
b. What adjustment, if any, is needed to revise retained earnings as a result of the change?
- Deferred tax assets and liabilities affect the current retained earnings, but no adjusting entry is needed.
- Deferred tax assets and liabilities result in differences between US GAAP rules and the rules that the accounting rules used by the IRS (e.g. expensing asset purchases). Generally the greatest effects of deferred tax assets and liabilities are seen in the cash flow statements, not retained earnings.
The major influence which impacts the <em>changes </em>in marketing strategy based on culture and tradition is as a result of cultural:
According to the given question, we are asked to state the major influence which impacts the <em>changes </em>in marketing strategy based on culture and tradition.
As a result of this, we can see that cultural differences exist between <em>different cultures</em> and as a result of this, a marketing manager would be able to <em>make a variation</em> in the marketing strategy based on these cultural differences.
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Short-run fluctuations in output and employment. Its the short-term economy.
Rational I’m just answering for points I’m frl sure sorry
Answer:
1.15
Explanation:
A diversified portfolio consists of $100,000 with 20 stocks and $5,000 invested in each of the stock
The portfolio beta is 1.12
You plan to sell a stock with a beta of 0.90, the proceeds gotten from it will be used to purchase a new stock with a beta of 1.50
Therefore, the portfolio's new beta can be calculated as follows
= (20×1.12-0.9+1.50)/20
= (22.4-0.9+1.50)/20
= 23/20
= 1.15
Hence the portfolio's new beta is 1.15