1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
levacccp [35]
3 years ago
5

In 2020, Indigo Corporation had pretax financial income of $175,000 and taxable income of $130,000. The difference is due to the

use of different depreciation methods for tax and accounting purposes. The effective tax rate is 20%. Compute the amount to be reported as income taxes payable at December 31, 2020.
Business
1 answer:
Rom4ik [11]3 years ago
7 0
What’s the question
You might be interested in
Carmichael Company is considering purchasing a piece of equipment for $60,000. It expects the equipment will last 12 years (and
nalin [4]

Answer:

Initial outlay = $60,000

Annual net income before tax = $7,200 per annum

Depreciation = <u>Cost - Residual value</u>

                        Estimated useful life

                      = <u>$60,000 - 0</u>

                           12 years

                     = $5,000 per annum

Annual net cashflow before tax

= Annual net income before tax + Depreciation

= $7,200 + $5,000

= $12,200

Explanation:

In this case, the annual net income before tax has been given. The annual net income before tax has excluded depreciation, which does not involve movement of cash. Therefore, we need to add back depreciation in order to obtain the expected before tax cashflow.

4 0
4 years ago
How can a business support the community​
Kryger [21]

Answer:

It can help in many ways one way being they can hold or help hold events in the community.

Explanation:

6 0
3 years ago
Read 2 more answers
According to revised weight-loss prediction equations, a deficit of 10 kilocalories per day leads to an average weight loss of _
Nat2105 [25]
<span>According to revised weight-loss prediction equations, a deficit of 10 kilocalories per day leads to an average weight loss of one pound over a 3-year period. Also if you noticed that during your losing of weight program you slowed down, it means that you have to increase your physical activity to compensate for it.</span>
6 0
3 years ago
the price of summer cabins. as summer​ approaches, the equilibrium price of rental cabins increases and the equilibrium quantity
Roman55 [17]

the price of summer cabins. as summer​ approaches, the equilibrium price of rental cabins increases, and the equilibrium quantity of cabins rented increases increase in demand.

When the price falls below the equilibrium price, the quantity demanded exceeds the quantity supplied, creating an excess demand (short supply) for the product. In other words, consumers want to buy more than producers are willing to sell. This mismatch between supply and demand drives up prices.

Price movements cause equilibrium movement along the supply curve. Such a movement is called a change in supply. Like changes in demand, changes in supply do not shift the supply curve. By definition, it is moved along the supply curve.

Learn more about equilibrium at

brainly.com/question/517289

#SPJ4

4 0
2 years ago
whether you write a on page resume a two page resume, or a combination of both, what is the key to writing an effective resume
MariettaO [177]
There’s no problems in the writing
8 0
3 years ago
Read 2 more answers
Other questions:
  • Mickey built his lemonade stand out of $75,000 worth of plywood and paint. He uses $2.25 of lemons, sugar and water to make his
    13·1 answer
  • jonathan is a photographer. he has been hired by a company to shoot an advertisement for their product. which role does Jonathan
    7·2 answers
  • The fed buys $5 billion worth of treasury bonds on the open market
    11·1 answer
  • Sales and marketing activity in international markets can be blocked by ______, which emphasize a country’s interests above all
    15·1 answer
  • Cleanz inc., a toiletries manufacturing firm, has launched a new range of organic sanitizing wipes. it wants to test its consume
    8·1 answer
  • Even though eggs are a significant source of cholesterol, what other information on the nutrition label should tom consider if h
    9·1 answer
  • You have been asked to give a presentation to your co-workers in the digital marketing department at your current employer on wh
    7·1 answer
  • This morning, you borrowed $9,500 at 8.9 percent annual interest. you are to repay the loan principal plus all of the loan inter
    15·1 answer
  • The makings of a good currency Instead of using money, people could simply barter one good for another. Which of the following i
    14·1 answer
  • Different classes of stocks are usually issued in order to Group of answer choices maintain ownership control, by holding the cl
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!