subject
Business, 03.08.2019 02:30 Flaka2809

Bart, inc., a newly organized corporation, uses the equity method of accounting for its 30% investment in rex co.'s common stock. during year 1, rex paid dividends of $300,000 and reported earnings of $900,000. in addition -the dividends received from rex are eligible for the 80% dividends received deductions. -all the undistributed earnings of rex will be distributed in future years. -there are no other temporary differences. -bart's year 1 income tax rate is 30%. -the enacted income tax rate after year 1 is 25%. in bart's december 31, year 1 balance sheet, the deferred income tax liability should bea. $10,800b. $9,000c. $5,400d. $4,500

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 04:00
You are thinking of making your mansion more energy efficient by replacing some of the light bulbs with compact fluorescent bulbs, and insulating part or all of your exterior walls. each compact fluorescent light bulb costs $4 and saves you an average of $2 per year in energy costs, and each square foot of wall insulation costs $1 and saves you an average of $0.20 per year in energy costs.† your mansion has 150 light fittings and 3000 sq ft of uninsulated exterior wall. to impress your friends, you would like to spend as much as possible, but save no more than $750 per year in energy costs (you are proud of your large utility bills). how many compact fluorescent light bulbs and how many square feet of insulation should you purchase? how much will you save in energy costs per year? (if an answer does not exist, enter dne.)
Answers: 1
question
Business, 22.06.2019 05:30
Excel allows you to take a lot of data and organize it in one document. what are some of the features you can use to clarify, emphasize, and differentiate your data?
Answers: 2
question
Business, 22.06.2019 07:10
1. the healthy pantry bought new shelving and financed $7,300 with 36 monthly payments of $267.65 each. suppose the firm pays the loan off with 13 payments left. use the rule of 78 to find the amount of unearned interest. 2. the healthy pantry bought new shelving and financed $7,300 with 36 monthly payments of $267.65 each. suppose the firm pays the loan off with 13 payments left. use the rule of 78 to find the amount necessary to pay off the loan. ! i entered 967.82 for question 1 and 5,455.78 for question 2 and it said it was
Answers: 3
question
Business, 22.06.2019 14:00
Bayside coatings company purchased waterproofing equipment on january 2, 20y4, for $190,000. the equipment was expected to have a useful life of four years and a residual value of $9,000. instructions: determine the amount of depreciation expense for the years ended december 31, 20y4, 20y5, 20y6, and 20y7, by (a) the straight-line method and (b) the double-declining-balance method. also determine the total depreciation expense for the four years by each method. depreciation expense year straight-line method double-declining-balance method 20y4 $ $ 20y5 20y6 20y7 total $
Answers: 3
You know the right answer?
Bart, inc., a newly organized corporation, uses the equity method of accounting for its 30% investme...
Questions
question
English, 19.10.2021 21:30
question
English, 19.10.2021 21:30
question
Social Studies, 19.10.2021 21:30
question
Social Studies, 19.10.2021 21:30
question
French, 19.10.2021 21:30