Answer and Explanation:
Before passing the journal entries we need to do following calculations
Particular Current year Future taxable amounts ($ in 000s)
2021 2022 2023 2024
Accounting
income $824
less: Permanent
difference ($34 )
Temporary difference :
less: installments
sales ($570 ) $190 $190 $190
Taxable
income $220
Multiply
Enacted tax rate 25% 25% 30% 30%
Tax payable
currently $55
Deferred tax liability $47.5 $57 $57 $161.50
Less: Beginning balance $0
Change in balance : credit (debit ) $161.50
1. Now the journal entry is
On 2021
Income tax expense ($161.50 + $55) $216.50
To Deferred tax liability $161.50
To Income tax payable $55
(Being the income tax for 2021 is recorded)
2. And, the net income is
= Pre accounting income - income tax expense
= $824,000 - $216,500
= $607,500
Answer:
23.08%
Explanation:
The computation of the debt ratio is shown below:
Debt amount
= 2 million × 0.90
= 1.80 million
And,
Equity amount
= 2 million × 3
= 6 million
Now
debt ratio = debt amount ÷ (amount of debt + amount of equity)
= 1.80 million ÷ ( 6 million + 1.80 million)
= 23.08%
The answer is that it eventually became titled as Prairie Journal.
CBS Radio stands for Columbia Broadcasting System radio and within CBS Corporation it is one of the oldest units. <span>The company was founded in 1972 that would become CBS Radio and it was founded as </span>Infinity Broadcasting Corporation.
Answer:
Please find the complete question in the attachment.
Explanation:
the margin of contribution unit
Margin Contribution Unit
8
Contribution losses
Fixed cost avoidable
The margin of Alpha contributions
Fiscal benefits (disadvantage)
Answer:
in folklore, a narrative containing information about actual persons and events. Originating from the tales of eyewitnesses, the traditional account departs from its original factual basis when retold and becomes subject to free poetic interpretation.