Business, 12.02.2021 07:30 khaylaperry
During 2021, its first year of operations, Baginski Steel Corporation reported a net operating loss of $396,000 for financial reporting and tax purposes. The enacted tax rate is 25%. Required: 1. Prepare the journal entry to recognize the income tax benefit of the net operating loss. Assume the weight of available evidence suggests that future taxable income will be sufficient to benefit from future deductible amounts arising from the net operating loss carryforward. 2. Show the lower portion of the 2021 income statement that reports the income tax benefit of the net operating loss.
Answers: 3
Business, 22.06.2019 10:20
The following information is for alex corp: product x: revenue $12.00 variable cost $4.50 product y: revenue $44.50 variable cost $9.50 total fixed costs $75,000 what is the breakeven point assuming the sales mix consists of two units of product x and one unit of product y?
Answers: 3
Business, 22.06.2019 14:30
United continental holdings, inc., (ual), operates passenger service throughout the world. the following data (in millions) were adapted from a recent financial statement of united. sales (revenue) $38,901 average property, plant, and equipment 17,219 average intangible assets 8,883 1. compute the asset turnover. round your answer to two decimal places.
Answers: 2
Business, 22.06.2019 19:40
Chang corp. has $375,000 of assets, and it uses only common equity capital (zero debt). its sales for the last year were $595,000, and its net income was $25,000. stockholders recently voted in a new management team that has promised to lower costs and get the return on equity up to 15.0%. what profit margin would the firm need in order to achieve the 15% roe, holding everything else constant? a. 9.45%b. 9.93%c. 10.42%d. 10.94%e. 11.49%
Answers: 2
During 2021, its first year of operations, Baginski Steel Corporation reported a net operating loss...
History, 25.09.2020 19:01
Mathematics, 25.09.2020 19:01
English, 25.09.2020 19:01
Geography, 25.09.2020 19:01
Mathematics, 25.09.2020 19:01
History, 25.09.2020 19:01
Mathematics, 25.09.2020 19:01
Mathematics, 25.09.2020 19:01
Biology, 25.09.2020 19:01
Mathematics, 25.09.2020 19:01