For calendar year 3, clark corp. had depreciation of $300,000 on its income statement. on its year 3 tax return, clark had depreciation of $500,000. clark's income statement also included $50,000 accrued warranty expense that will be deducted for tax purposes when paid in a future year. clark's enacted tax rates are 30% for year 3 and 25% for future years. these were clark's only temporary differences. in clark's year 3 income statement, the deferred portion of its provision for income taxes should be:

Banana computers has decided to procure processing chips required for its laptops from external suppliers instead of manufacturing them in their own facilities. how will this decision affect the firm? a. the firm will be protected against the principal-agent problem. b. the firm's administrative costs will be low because of necessary bureaucracy. c. the firm will have more flexibility in purchasing and comparing prices of goods and services. d. the firm will have high-powered incentives, such as hourly wages and salaries.