subject
Business, 12.08.2021 21:10 marie1211

The following facts relate to Waterway Corporation. 1. Deferred tax liability, January 1, 2020, $48,400. 2. Deferred tax asset, January 1, 2020, $0. 3. Taxable income for 2020, $114,950. 4. Pretax financial income for 2020, $121,000. 5. Cumulative temporary difference at December 31, 2020, giving rise to future taxable amounts, $290,400. 6. Cumulative temporary difference at December 31, 2020, giving rise to future deductible amounts, $42,350. 7. Tax rate for all years, 20%. 8. The company is expected to operate profitably in the future. Compute income taxes payable for 2020. Income taxes payable $enter Income taxes payable in dollars

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 17:50
When borrowers want funding to pay for different projects, they go to the loanable funds market and acquire funds through either indirect finance or direct finance. below, you are given five different scenarios. is each an example of direct finance or indirect finance?
Answers: 2
question
Business, 22.06.2019 07:50
Budget in this final week, you will develop a proposed budget of $150,000 for the first year of the program and complete the final concept paper for the proposed program due for senior management review. the budget should identify the program's anticipated expenses for the year ahead. budget line items should be consistent with the proposed program and staffing plan. using the readings for the week, the south university online library, and the internet, complete the following tasks: create a proposed budget of $150,000 for the first year of the proposed program including the cost for personnel, supplies, education materials, marketing costs, and so on in a microsoft excel spreadsheet. you may transfer your budget to your report. justify the cost for each item of the proposed budget in a budget narrative.
Answers: 2
question
Business, 22.06.2019 13:30
After successfully completing your corporate finance class, you feel the next challenge ahead is to serve on the board of directors of schenkel enterprises. unfortunately, you will be the only person voting for you. the company has 375,000 shares outstanding, and the stock currently sells for $40, if there are four seats in the current election, how much will it cost you to buy a seat?
Answers: 2
question
Business, 22.06.2019 23:00
Draw a flowchart for a process of interest to you, such as a quick oil-change service, a factory process you might have worked in, ordering a pizza, renting a car or truck, buying products on the internet, or applying for an automobile loan. identify the points where something (people, information) waits for service or is held in work-in-process inventory, the estimated time to accomplish each activity in the process, and the total flow time. evaluate how well the process worked and what might be done to improve it.
Answers: 2
You know the right answer?
The following facts relate to Waterway Corporation. 1. Deferred tax liability, January 1, 2020, $48,...
Questions