Maui Resort Inc. determined that the balance in its deferred tax asset account on December 31, 2020, was $50,000. Management reviewed all available positive and negative evidence to estimate that 30% of the deferred tax asset was more likely than not to be realized. The valuation allowance for deferred tax assets has a December 31, 2020, unadjusted balance of $4,000 (credit). Required:
Record the entry to adjust the allowance on December 31, 2020.

Management training programs, mentoring programs, and coaching systems are examples of

Credit card can be a wonderful item to have. however, they can also create problems. how can individuals protect themselves from financial difficulties when they make purchases with credit? what should someone do if they experience credit problems?

Economic analysis indicates that it will be politically more attractive to a. enact expansionary fiscal policy during a recession than to enact restrictive fiscal policy during an economic expansion. b. enact expansionary fiscal policy during an economic expansion than to enact restrictive fiscal policy during a recession. c. enact restrictive fiscal policy during an economic expansion than to enact expansionary fiscal policy during a recession. d. raise taxes than to increase spending.