In its 20X5 income statement, Tow, Inc. reports proceeds from an officer's life-insurance policy of $90,000 and depreciation of $250,000. Tow was the owner and beneficiary of the life insurance on its officer. Tow deducted depreciation of $370,000 in its 20X5 income tax return when the tax rate was 30%. Data related to the reversal of the excess tax deduction for depreciation follow: Year Reversal of excess tax deduction Enacted tax rates 20X6 $50,000 35% 20X7 $40,000 35% 20X8 $20,000 25% 20X9 $10,000 25% There are no other temporary differences. In its December 31, 20X5 balance sheet, what amount should Tow report as a deferred income tax liability

Answers

Answer 1

Answer:

the deferred income tax liability is $25,200

Explanation:

The computation of the deferred income tax liability is given below:

= Excess of depreciation as per tax over books × Tax rate

= ($370,000 - $250,000) × 21%

= $25,200

Hence, the deferred income tax liability is $25,200

We simply applied the above formula so that the correct value could come

And, the same would be considered


Related Questions

State
five
features distinguishing Features of servicing​

Answers

Answer:

The answer is below:

Explanation:

Services are a byproduct of a business firm which is done in exchange for money. However, unlike the products or goods, it has its distinct features or characteristics.

Hence, there are various Features of services, some of which includes the following:

1. Intangibility: they are not tangible or cannot be touched

2. Perishability: they cannot perish like goods

3. Inseparability: services under the ae work or elements cannot be separated like goods

4. Heterogeneity: the quality of services is diverse, hence, the price and time of delivery vary.

5. Ownership: unlike the goods, when it comes to services the person rendering services is the one that tends to move around.

1. Analyse the benefits and challenges of establishing a company versus other forms of ownership​

Answers

Explanation:

Some of the various forms of business ownership include:

partnershipsole proprietorshiplimited liability company

The benefits of establishing a company (limited liability company):

owners asset are separated from any liability the company incurs > in sole proprietorship the owners personal asset can incur liability. excluded from federal income taxe.

The challenges:

requires high setup cost > this is not the case with sole proprietorship.raising capital for operations is diffficult

At Titus Industries, a middle manager who had just completed her basic probationary period was called by her supervisor for her first performance evaluation. The conversation became rather unpleasant when the supervisor alluded to his disappointment that the new manager was not spending more time with him away from work, where they could get to know each other in a more intimate manner. In fact, he commented that such an effort might just solidify her continuing employment. The type of sexual harassment to which the new manager was subjected is called

Answers

Answer:

quid pro quo

Explanation:

Since in the given situation, it is mentioned that there is an unpleasant behavior when the supervisor alluded that the new manager would not spend much time away from work

So here the type of sexual harassment would be called as quid pro quo as it deals with the advantage in return for something

Therefore the same would be considered

QUESTION 9 of 10: When naming a business, you should:

Answers

Think of a catchy slogan to go with it

Answer:

1. Search the name on the internet to and check for copyright.

2. Make something catchy that people will remember ( Like a alliteration).

3. Make a backup name (and maybe a backup backup name).

4. Get a sample of people to rate your name.

5. Make sure your personally happy with it.

describe how net profit of a business is calculated?​

Answers

Answer:

u must work out the total cost and variable cost and add them up, then you must count all your sales and figure out ur revenue. then u do ur total revenue minus ur total costs

mark as brainliest

The formula to calculate profit is: Total Revenue - Total Expenses = Profit. Profit is determined by subtracting direct and indirect costs from all sales earned. Direct costs can include purchases like materials and staff wages. Indirect costs are also called overhead costs, like rent and utilities.

For businesses, profit is often calculated by profit margin formula:follow me nice business

The Acmeville Metropolitan Bus Service currently charges $0.99 for an all-day ticket, and has an average of 588 riders a day. The bus company is not earning a profit, but according to their contract with the city, they cannot cut the number of buses on the road. They must therefore find a way to increase revenues. The bus company is considering increasing the ticket price to $ 1.1 . The marketing department's studies indicate this price increase would reduce usage to 337 riders per day. Calculate the absolute value of the price elasticity of demand for bus tickets using the simple percentage change method. Round your answer to one decimal place.

Answers

Answer:

-3.88 or 3.88

Explanation:

Calculation to determine the absolute value of the price elasticity of demand

Using this formula

Price elasticity of Demand = % change in quantity demanded / % change in price

Price elasticity of Demand =%∆QD / %∆P

Let plug in the formula

Price elasticity of Demand= (( 337 - 588 )/( 1.1- 0.99)) * ( 0.99 / 588 )

Price elasticity of Demand= (-251 / 0.11) * ( 0.0017)

Price elasticity of Demand= -22,81.8181 * 0.0017

Price elasticity of Demand= -3.88 or 3.88 ( absolute value)

Therefore the absolute value of the price elasticity of demand will be -3.88 or 3.88

Which figure (amount) should be larger?
A. Expenses
B. income
C. Extras
D. Needs

Answers

ANSWER:

Income

WHY:

The expenses and extras and needs should all add up to the income and the income should be over these expenses


MARK ME BRAINLIEST PLEASE

When government is trying to raise tax revenue, it sometimes attempts to target higher-income people because they are in a better position to bear the burden of a tax. However, it can be very difficult to earn tax revenue from wealthy people. Consider the progressive nature of the U.S. federal income tax system: It's designed so that higher incomes are taxed at higher tax rates. Thinking about the elasticity of labor supply, why might it be more difficult to collect tax revenue from a wealthy individual than from a poor person, all else equal

Answers

Answer: The labor supply curve for a wealthy individual is usually more elastic than a poor person's labor supply curve

Explanation:

Tax could be described as individuals paying a particular percentage of their income and whatever they use then pay to the government. The aim of the tax being collected is to generate funds internally which could be used in maintaining the economy.

Despite the government attempts to make tax be one-sided, it yields little or no result in favour of the poor as they end up being well tax as same as the rich. Those who are poor make use of services regularly, and most societies have them than those who are already established. The labor supply curve for a wealthy individual is usually more elastic than a poor person's labor supply curve. We would realize that we have more poor people in labour than those who are rich.

what are the disadvantages of alloys​

Answers

They are prone to corrosion and are not as strong

Tell, Inc., leased a building from Lott Corp. Tell paid monthly rent of $500 and was also responsible for paying the building’s real estate taxes. On January 1, Vorn Co. and Tell entered into an agreement by which Vorn was entitled to occupy the building for the remainder of the term of Tell’s lease in exchange for monthly payments of $600 to Tell. For the year, neither Tell nor Vorn paid the building’s real estate taxes, and the taxes are delinquent. Learning this, Lott demanded that either Tell or Vorn pay the delinquent taxes. Both refused, and Lott has commenced an action against them. Lott will most likely prevail against

Answers

Answer:

Tell and Vorn

Explanation:

Based on the information given Lott will most likely prevail against TELL and VORN reason been that we were told that both TELL and VORN entered into an agreement on January 1 which means that both of them will be responsible for the DELINQUENT TAXES which has not been paid because Vorn occupy the building that was leased out to Tell from Lott Corp in exchange for the amount of $600 which will be monthly paid by Vorn to Tell, which means that in a situation were the taxes is said to be DELINQUENT TAXES in which neither of them paid the building's real estate taxes, Lott will most likely prevail against both TELL and VORN.

briefly explain the term gross value added at basic prices ​

Answers

Gross value added (GVA) is defined as output (at basic prices) minus intermediate consumption (at purchaser prices); it is the balancing item of the national accounts' production account. GVA can be broken down by industry and institutional sector.

hope this helped, good luck <3

Outline two possible problems to HSN of many employees leaving.​

Answers

not having enough employees to do the work or something

Julie and Kristen are partners in a local sporting good store. They needed $51,000 to start the
business. They invested in the ratio of 3:10 respectively. How much money did each invest?
What percent is owned by Kristen?

Answers

Answer: See explanation

Explanation:

Since the amount needed to start the

business is $51000 and Julie and Kristen invested in the ratio of 3:10 respectively.

Amount invested by Julie = 3/(3+10) × $51000

= 3/13 × $51000

= $11769.23

Amount invested by Kristen = 10/(3+10) × $51000

= 10/13 × $51000

= $39230.77

The percent that is owned by Kristen will be:

= ($39230.77 / $51000) × 100

= 76.92%

= 77% approximately

yuhhhhhhh yu alr know the vibesss
im now a expert yhhhhhhhhhhhhhhhhhhhhh

Answers

Answer:

............................................ NICE

Answer:

Eyyy how I wish I can Be the expert tho :<

The three motivational qualities that leaders have are initiative, ability to motivate others, and ability to set goals.
true
false

Answers

Answer:

true I'm pretty sure it's true.

give 2 or 3 reasons on why cheaper delivery is better

Answers

Answer: Because is cheap

2 Because is better and you save money

Explanation:

Answer:

It's 100% cheap, You don't have to worry about driving all the time, and It's better!

Explanation:

A firm has issued cumulative preferred stock with a $100 par value and a 10 percent annual dividend. For the past three years, the board of directors has decided not to pay a dividend. At the end of the current year, the preferred stockholders must be paid ________ prior to paying the common stockholders.

Answers

Answer:

$30/share

Explanation:

Calculation to determine the amount the preferred stockholders must be paid

First step is to calculate per year dividend using this formula

Per year dividend = Stock value × Dividend payment rate

Let plug in the formula

Per year dividend = $100 × 10%

Per year dividend = $10

Second step is to calculate the Total unpaid dividend using this formula

Total unpaid dividend for 2 years = Per year dividend × 2 year

Let plug in the formula

Total unpaid dividend for 2 years = $10× 2years

Total unpaid dividend for 2 years = $20

Now let calculate the Cumulative Preferred Dividend

Using this formula

Cumulative Preferred Dividend = Current Year Dividend + Total unpaid dividend for 2 years

Let plug in the formula

Cumulative Preferred Dividend = $10 + $20

Cumulative Preferred Dividend = $30

Therefore At the end of the current year, the preferred stockholders must be paid $30/share prior to paying the common stockholders.

Match each investment or savings option with the income source(s) it provides to investors.

Answers

Answer:

huh im confused

Explanation:

have a day ig

The correct match for investment or saving is:

Investment/savings                         Income sources

Trading in Bonds:                            Capital Gains and interest income

Buying and selling properties:       Capital gains only

Trading in company stocks:           Capital gains and Dividends

Opening a CD account:                  Interest Income only

What is an investment?

The classic definition of investment is "commitment of resources to realize benefits in the future." An investment is a "commitment of money to receive more money later" if money is involved. An investment is described as "to tailor the pattern of expenditure and receipt of resources to optimize the desirable patterns of these flows" from a more general perspective.

The net monetary reception during a time period is referred to as cash flow when expenditures and receipts are stated in terms of money, whereas money received over the course of numerous time periods is referred to as cash flow stream. The use of scientific methods, often mathematical ones, in the investing process is known as investment science.

Learn more about investment here:

https://brainly.com/question/15105766

#SPJ1

in business finance I did that

Answers

Answer:

u r sentence doesn't mean any sense

Answer:

what does your sentence mean?

Explanation:

Which economic system supports government control of major basic industries but allows a high degree of personal and economic freedom to its citizens? A. Market economic system B. Command economic system OO C. Traditional economic system D. Mixed economic system​

Answers

Answer:

mixed economic system

Explanation:

How do you define success?

Answers

Answer:

if ur happy then ig I could say ur successful

if made it to the top I could say ur successful

if u reached the destination if ur dream I would say ur successful

If you came to a good spot in life I believe your success as long as you get to the point of happiness, and working on towards reaching your goals

hey besties i have a question i fw anime like i really do and i think i wanna cosplay but im like top tier popular so should i just like not I'm for sure gonna get bullied.

Answers

Answer:

ngl i am like "the popular girl" and i just live two lives i popular at school and anime obsessed at home lol

Explanation:

Honestly I just do what I want cuz why am I gonna please other people who don’t please me

Trent is 25 years old and works for a company that matches his 401(k) contribution up to 5%. The interest rate for his 401(k) is 7.3%. If he puts away 10% of his $32,000 salary every year, what would the total of his 401(k) be in 10 years? Round your answer to the nearest cent.

Answers

Answer:

The answer is A.

Explanation:

Just took test

Answer:

A

Explanation:

on edge

4. Aada's dty is trying to get citizens to invest in municipal bonds. How will the city MOST likely use these funds?
to host a city festival
to pay for road improvements
to give raises to the city council
to feed families who are in need

Answers

Answer:

to pay for road improvements

Explanation:

Remember, the term municipal bonds basically refers to a special kind of loan issued to a local government by its citizens or investors and meant to be used by the government to fund public projects such as road construction, hospitals, and other forms of infrastructure that benefit the general public.

Therefore, the city would most likely use these funds to pay for road improvements as this would benefit the general public.

Answer: to pay for road improvements

Which of the following would normally fall under general education requirements at a college?
A. Literacy, natural sciences, social sciences, and physical education B. Music, physical education, world languages, and behavioral sciences
C. Math, music, physical education, and military history
D. Math, literacy, natural sciences, and social sciences​

Answers

Answer: D. Math, literacy, natural sciences, and social sciences​

Explanation:

General Education Requirements prepares students with the skills that are needed to enhance their employability and also help them in course of life. Some of these skills include oral and written communication, problem solving, critical thinking, etc.

Some of the subjects that would normally fall under general education requirements at college are Writing, Mathematics, Social science, Natural science, Global awareness, Diversity. etc.

Every component, from producer to grocery store, contributes to the process of the___ chain

Answers

Answer:

Supply Chain

Explanation:

Supply Chain is the route of flow of goods and services starting from the producer/manufacturer/service provider to the end use consumer.

The supply chain network has various other segments such as logistics, distributors, retail supplier, etc.

Hence, the correct answer is the "Supply"

What Resident Evil games do you guys love and what monster or boss is your favourite inside that game.

a. Resident Evil 1
b. Resident Evil 2
c. Resident Evil 3
d. Resident Evil 4
e. Resident Evil 5
f. Resident Evil Revelations
g. Resident Evil Revelations 2
h. Resident Evil 0
i. Resident Evil 7
j. Resident Evil 1 REmastered
k. Resident Evil 2 REmake
l. Resident Evil 3 REmake

Answers

Answer:

i-

totally business studies

Explanation:

no comment

Answer:

b. Resident Evil 2

Explanation:

Mr X (Tyrant) is my favorite boss in RE2:)

Which of the following is not an outcome of providing more responsive customer care?
Multiple Choice
reduced customer turnover
greater profits
stronger word-of-mouth
higher brand loyalty
reduced competiton

Answers

Answer:

reduced competiton

Explanation:

The outcome i.e. not providing more responsive customer care is decrease competition.

The following are the outcomes are provided more responsive customers:

The turnover of the customer decreased. High profits. Worth of mouth is stronger. High brand loyalty.

Therefore we can conclude that The outcome i.e. not providing more responsive customer care is decrease competition.

Learn more: brainly.com/question/6201432

A company that uses an in-house advertising department might turn its advertising and promotion tasks over to an outside agency to: Select one: a. get more control over the advertising process. b. save money. c. get an objective, fresh look at its advertising situation by someone outside of the company who can come up with different creative ideas. d. make coordination of the advertising and promotional process easier. e. do all of the above. Clear my choice

Answers

Explanation:

think the answer is E all of the Above

Determine the value of z.
Question 9 options:

A)

53°

B)

121°

C)

57°

D)

239°

Answers

Explanation:

Let angle y be the unknown angle inside the triangle.

given

y + 87 + 34 = 180 (sum of angles in a triangle)

[tex]y + 87 + 34 = 180 \\ y + 121 = 180 \\ y = 180 - 121 \\ = 59[/tex]

given y + z = 180 (angles on same straight line)

[tex]y + z = 180 \\ 59 + z = 180 \\ z = 180 - 59 \\ = 121[/tex]

The answer should be 121°

Other Questions
What adaptation helps the pine tree reduce water loss?leavesthornsSeeds in conesWoody stems Identify a problem in which no good solution exists.I need this to make an essay about this PLEASE HELP THANKS----------------------------------- jettison folk 2007, Magnum opus, be moving, offers poisoned commentary on the film industry. Which choice is involved in both sexual and asexual reproduction Jenica bowls three games and scores an average of 116 points per game. She scores 105 on her first game and 128 on her second game. What does she need to score on her third game to get a mean score of ? Find the area of the triangle below 15Select the correct answer.Which definition best supports the meaning of the word prospectors as used in thepassage?A.people living in the KlondikeB.people as potential customersC.people looking for minerals1D.people with financial expectations Evaluate THREE ways in which employment will minimize emotional stress. If */2 + 4 = 12, then the value of a is Why do you think Shaka has been able to stay out of prison? Question is in picture Find the total cost if the price of a netbook is 375.00. find the 6th term of 6, 8, 32/3 HURRY PLEASE!!!! Portrait paintings are created all over the world and are a great example of how a moment can beIn timeA. displayedB. forgottenC. rememberedD. frozen Find the slope And y-intercept What's The Strangest Thing In Your Refrigerator? Why might the author have started and ended the article with details about the Crucible? *A. to highlight challenges that male and female recruits can face after training separatelyB. to explain the history of the Marine CorpsC. to illustrate how a single-gender platoon worksD. to argue that the Crucible should be done at the beginning of basic training PLSSS HELPPPP I WILLL GIVE YOU BRAINLIEST!!!!!! PLSSS HELPPPP I WILLL GIVE YOU BRAINLIEST!!!!!! PLSSS HELPPPP I WILLL GIVE YOU BRAINLIEST!!!!!! PLSSS HELPPPP I WILLL GIVE YOU BRAINLIEST!!!!!!PLSSS HELPPPP I WILLL GIVE YOU BRAINLIEST!!!!!! PLSSS HELPPPP I WILLL GIVE YOU BRAINLIEST!!!!!! PLSSS HELPPPP I WILLL GIVE YOU BRAINLIEST!!!!!! Write this decimal in numbers.seventy-eight and thirty-six hundredths