Business, 03.08.2019 02:10 Anthonyc123
For the year ended december 31, year 1, tyre co. reported pretax financial statement income of $750,000. its taxable income was $650,000. the difference is due to accelerated depreciation for income tax purposes. tyre's effective income tax rate is 30%, and tyre made estimated tax payments during year 1 of $90,000. what amount should tyre report as current income tax expense for year 1? a. $105,000b. $135,000c. $195,000d. $225,000
Answers: 2
Business, 21.06.2019 13:30
On january 1, 2018, johnstone leased an office building. terms of the lease require johnstone to make 15 annual lease payments of $134,000 beginning on january 1, 2018. a 10% interest rate is implicit in the lease agreement. at what amount should johnstone record the lease liability on january 1, 2018, before any lease payments are made?
Answers: 3
Business, 21.06.2019 16:10
Belstone, inc. is a merchandiser of stone ornaments. it sold 15,000 units during the year. the company has provided the following information: sales revenue $ 520,000 purchases (excluding freight in) 338,500 selling and administrative expenses 32,000 freight in 15,000 beginning merchandise inventory 43,000 ending merchandise inventory 58,500 how much is the gross profit for the year?
Answers: 3
Business, 22.06.2019 00:50
Suppose that: 1. malaysia requires 1 hour of labor to produce 1 pound of rice and 2 hours of labor to produce 1 pencil; 2. indonesia requires 2 hours of labor to produce 1 pound of rice and 4 hours of labor to produce 1 pencil; 3. each country has 10,000 hours of labor to allocate between the production of rice and pencils; and 4. in autarky, malaysia consumes 5,000 pounds of rice and 2,500 pencils. which country has an absolute advantage in rice production? in pencil production? which country has a comparative advantage in rice production? in pencil production? will trade between the two countries be mutually beneficial?
Answers: 1
Business, 22.06.2019 05:20
142"what is the value of n? soefon11402bebe99918+19: 00esseeshop60-990 0esle
Answers: 1
For the year ended december 31, year 1, tyre co. reported pretax financial statement income of $750,...
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