Business, 08.04.2021 21:00 Serenitybella
A deferred tax liability is classified on the statement of financial position as either a current or a noncurrent liability. The current amount of a deferred tax liability should generally be Group of answer choices totally eliminated from the financial statements if the amount is related to a noncurrent asset. based on the classification of the related asset or liability for financial reporting purposes. the total of all deferred tax consequences that are not expected to reverse in the operating period or one year, whichever is greater. the net deferred tax consequences of temporary differences that will result in net taxable amounts during the next year.
Answers: 3
Business, 21.06.2019 15:20
List three major educational changes over the past 100 years that have positively influenced students. explain why these changes were influential.
Answers: 3
Business, 21.06.2019 21:00
On january 1, 2018, red flash photography had the following balances: cash, $19,000; supplies, $8,700; land, $67,000; deferred revenue, $5,700; common stock $57,000; and retained earnings, $32,000. during 2018, the company had the following transactions: 1. february 15 issue additional shares of common stock, $27,000. 2. may 20 provide services to customers for cash, $42,000, and on account, $37,000. 3. august 31 pay salaries to employees for work in 2018, $30,000. 4. october 1 purchase rental space for one year, $19,000. 5. november 17 purchase supplies on account, $29,000. 6. december 30 pay dividends, $2,700. the following information is available on december 31, 2018: 1. employees are owed an additional $4,700 in salaries. 2. three months of the rental space has expired. 3. supplies of $5,700 remain on hand. 4. all of the services associated with the beginning deferred revenue have been performed.required: 1. record the transactions that occurred during the year.2. record the adjusting entries at the end of the year.3. prepare an adjusted trial balance.4. prepare an income statement, statement of stockholders’ equity, and classified balance sheet.5. prepare closing entries.
Answers: 2
Business, 22.06.2019 10:50
Suppose that a firm is considering moving from a batch process to an assembly-line process to better meet evolving market needs. what concerns might the following functions have about this proposed process change: marketing, finance, human resources, accounting, and information systems?
Answers: 2
A deferred tax liability is classified on the statement of financial position as either a current or...
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