During its first year of operations, tron auto dealership (tad) bought vehicles from a manufacturer on account at a cost of $625,000. tad returned $169,000 of these vehicles to the manufacturer for credit on its account. tad then sold $397,000 of the remaining vehicles at a selling price of $702,000. tad’s customers rarely return vehicles, so tad records sales returns only as they occur. one customer did return a vehicle to tad, which had been sold to the customer for $154,000. the vehicle was in perfect condition, so it was put back into tad’s inventory at tad’s cost of $93,000.prepare journal entries to record these transactions, assuming tad uses a perpetual inventory system. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)

Amajor advantage of case studies is

The state troopers in one state have a motto, “nine you’re fine; ten you’re mine,” which is the standard that they use for pulling over speeders on the state highways. in other words, if the posted speed limit is 55 mph, drivers can drive at a rate up to 64 mph without fear of getting a ticket. which of the following best describes the ethical culture in the state? a. the troopers are following a standard of positive law. b. the troopers are following a normative standard. c. the troopers are following a headline test. d. the troopers are following the blanchard/peale standard.

Martinez company has the following two temporary differences between its income tax expense and income taxes payable. 2017 2018 2019 pretax financial income $873,000 $866,000 $947,000 (2017' 2018, 2019) excess depreciation expense on tax return (29,400 ) (39,000 ) (9,600 ) (2017' 2018, 2019) excess warranty expense in financial income 20,000 9,900 8,300 (2017' 2018, 2019) taxable income $863,600 $836,900 $945,700(2017' 2018, 2019) the income tax rate for all years is 40%. instructions: a. prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2017, 2018, and 2019. b. assuming there were no temporary differences prior to 2016, indicate how deferred taxes will be reported on the 2016 balance sheet. button's warranty is for 12 months. c. prepare the income tax expense section of the income statement for 2017, beginning with the line, "pretax financial income."