The journal entry for Marigold Inc. at the end of 2017 to record carryback is as follows:
<h3>Journal Entry:</h3>
Debit Income Taxes Receivable $72,000
Credit Benefit Due to Loss Carry back $72,000
- To record the refund of income taxes paid in the prior two years due to the loss recorded in 2017.
<h3>Data and Calculations:</h3>
Operating loss in 2017 = $482,000
Combined income for 2015 and 2016 = $360,000
Tax rate = 20%
Tax expenses for 2015 and 2016 = $72,000 ($360,000 x 20%)
<h3>Complete Question:</h3>
Marigold Inc. incurred a net operating loss of $482,000 in 2017. The combined income for 2015 and 2016 was $360,000. The tax rate for all years is 20%. Marigold elects the carryback option. Assume that it is more likely than not that the entire net operating loss carryforward will not be realized in future years.
Prepare the journal entry at the end of 2017 to record carryback.
Learn more about carryback loss at brainly.com/question/20722374
#SPJ1
Strained broth of shellfish and other crustaceans like lobsters are the traditional base of a bisque.
Answer:
The best way to sew the front a back of a skirt together:
What You Need:
- A-line skirt pattern
- Fabric (Most are made from mid- to heavy-weight fabric; we used dark denim)
- Thread to match the fabric
- 7-inch zipper
Instructions:
1. Prep your fabric by washing and drying it according to the instructions. Cut out your pattern pieces. This pattern has six pieces: skirt front, two skirt backs and three facing pieces.
2. With right sides facing, pin the skirt back pieces together. Sew the center back seam from the hem up to the notch where the zipper will go. Baste the seam from the notch up to the waist. Finish the raw edges of the center back seam and press the seam open. Use pinking shears on all of the seams to avoid adding any bulk to the already bulky denim fabric.
3. Get ready to sew the zipper . Unzip it and place it face down on the seam allowance. The top stop should be 3/4 inches from the top edge of the skirt, and the zipper's teeth should be centered on the center back seam. Baste the zipper to the seam allowance. Close the zipper and repeat on the other side. On the right side of the garment, use your sewing machine’s zipper foot to top stitch around the zipper using a 1/4-inch seam allowance. Remove the basting stitches.
4: Sew the front and back darts. Press the darts toward the center of the garment.
5: With right sides together, pin the skirt back to the skirt front, matching any notches. Then sew them all together. Finish the raw edges of the seams and press the seams open.
6: With right sides together, pin the front facing to the back facing. Sew the side seams together and press them open. Finish the bottom edge of the facing. With right sides together, sew the facing to the skirt waist. Turn the facing to the inside of the skirt and press. Use a couple of stitches to tack the facing edges to the zipper tape.
7. Hem the skirt. Your A-line skirt is good to go!
Explanation:
