subject
Business, 15.11.2019 15:31 mediocresquash

For the year ended december 31, year 1, grim co.'s pretax financial statement income was $200,000 and its taxable income was $150,000. the difference is due to the following: interest on municipal bonds $70,000 premium expense on keyman life insurance (20,000) total $50,000 grim's enacted income tax rate is 30%. in its year 1 income statement, what amount should grim report as current provision for income tax expense?

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 19:30
Consider the following ethical argument. which of the three statements represents the moral statement about a moral principle? statement 1: a dealership advertised a car at a very low price, but only had a similar higher priced model in stock. statement 2: it is wrong to perform a bait and switch. statement 3: the dealership was wrong to advertise the car on special sale when in actually it was not available.
Answers: 3
question
Business, 21.06.2019 21:00
The table shows the demand and supply schedules for magazines. complete the following sentences. the equilibrium price of a magazine is $ 4 and the equilibrium quantity is 150 magazines a week. price (dollars per magazine) quantity demanded quantity supplied (magazines per week) 3.00 160 138 3.50 155 144 4.00 150 150 4.50 145 156 5.00 140 161 now a fall in the price of a newspaper decreases the quantity demanded by 11 magazines a week at each price. at the original equilibrium price, a occurs. to return to equilibrium, the price of a magazine a. surplus; rises b. shortage; rises c. shortage; falls d. surplus; falls as the market returns to equilibrium, the quantity demanded and the quantity supplied a. decreases; increases b. decreases; decreases c. increases; decreases d. increases; increases the new equilibrium price is $ nothing a magazine.
Answers: 1
question
Business, 22.06.2019 06:00
According to herman, one of the differences of managing a nonprofit versus a for-profit corporation is
Answers: 1
question
Business, 22.06.2019 11:10
The green fiddle has declared a $5 per share dividend. suppose capital gains are not taxed, but dividends are taxed at 15 percent. new irs regulations require that taxes be withheld at the time the dividend is paid. green fiddle stock sells for $71.50 per share, and the stock is about to go ex-dividend. what will the ex-dividend price be?
Answers: 2
You know the right answer?
For the year ended december 31, year 1, grim co.'s pretax financial statement income was $200,000 an...
Questions
question
Mathematics, 19.10.2020 16:01
question
Mathematics, 19.10.2020 16:01