Answer: Dynamic of need
Explanation: There are two words of importance here. Dynamic and need.
Dynamic: when a person, place, or thing is energetic and active, this is know as being dynamic.
When something is dynamic it goes through a lot of process. Example: Someone with a dynamic personality is usually funny.
Need: to require something because it’s important or very essential.
Dynamic of need is when you have a active need of things, this things can be information which are very essential.
Answer:
The restaurants have a unique ambience, known in legal terms as their
Trade dress
Explanation:
Trade dress protects all elements used to promote a specific service or product. Examples of trade dress include packaging and the atmosphere or décor within a place of business. The term "trade dress" comes from a 1992 court ruling and refers to the way a product is "dressed" to go to market.
Answer:
c.Rents occur at the beginning of each period of an annuity due.
Explanation:
First, know the difference between Ordinary annuity and Annuity due.
In Ordinary annuity, recurring payments occur at the end of the payment period; for example at the end of every month, end of ever year , end of every quarter etc.
On the other hand, in the case of Annuity due, the recurring payments occur at the beginning of the period like at the beginning of the month, beginning of the year;Jan 1st, or beginning of every quarter
In the case of rent, tenants pay rent at the beginning of each month making this type of payment an Annuity Due.
Answer:
The answer is given below;
Explanation:
Income Tax Payable =1,800,000*30%=$540,000
Deferred Tax Asset=3,000,000*30%=$900,000
Deferred Tax liability=2,400,000*30%=$720,000
Therefore the income tax expense=$540,000+$720,000-$900,000=$360,000
The litigation expense will be deductible from taxable income when paid,therefore it will give deferred tax asset.
Profit on installment sales will give rise to more profits being subjected to taxes,therefore it gives rise to deferred tax liability.
