North Dakota Corporation began operations in January 2020 and purchased a machine for $23,000. North Dakota uses straight-line depreciation over a four-year period for financial reporting purposes. For tax purposes, the deduction is 50% of cost in 2020, 30% in 2021, and 20% in 2022. Pretax accounting income for 2020 was $153,000, which includes interest revenue of $21,500 from municipal bonds. The enacted tax rate is 30% for all years. There are no other differences between accounting and taxable income. Required:
Prepare a journal entry to record income taxes for the year 2012. Show well-labeled computations for the amount of income tax payable and the change in the deferred tax account.

Miko willingly admits that she is not an accountant by training. she is concerned that her balance sheet might not be correct. she has provided you with the following additional information. 1. the boat actually belongs to miko, not to skysong, inc.. however, because she thinks she might take customers out on the boat occasionally, she decided to list it as an asset of the company. to be consistent, she also listed as a liability of the corporation her personal loan that she took out at the bank to buy the boat. 2. the inventory was originally purchased for $27,500, but due to a surge in demand miko now thinks she could sell it for $39,600. she thought it would be best to record it at $39,600. 3. included in the accounts receivable balance is $11,000 that miko loaned to her brother 5 years ago. miko included this in the receivables of skysong, inc. so she wouldn’t forget that her brother owes her money. (b) provide a corrected balance sheet for skysong, inc.. (hint: to get the balance sheet to balance, adjust stockholders’ equity.) (list assets in order of liquidity.)

What criteria does a company have to meet to be considered a monopoly?

If you were advising steve ells, what could he have done to evaluate the all- organic concept? is the concept viable at all? how would he be able to estimate the price elasticity (that is, how high does price have to get before he begins losing significant numbers of customers)? given the fierce competition in this industry, is his concept pleasant but unrealistic? or does the organic position provide chipotle with sustainable competitive advantage?