At the end of 2017, payne industries had a deferred tax asset account with a balance of $30 million attributable to a temporary book-tax difference of $75 million in liability for estimated expenses. at the end of 2018, the temporary difference is $70 million payne has another temporary difference and no valuation allowance for the deferred tax asset. taxable income for 2018 is $180 million and the tax rate is 40%

1 prepare the journal entry to record payne's income taxes for 2018, assuming t is more likely than not that the deferred tax asset will be realized

2. prepare the journal entry) to record payne's income taxes for 2018, assuming it is more likely than not that one-fourth of the deferred tax asset will ultimately be resized

Responsible for setting the goals and planning for the future as well as leading and controlling the work of others. out the decisions of top management. often responsible for various departments such as the production, marketing, and accounting departments. process or function of planning organizing leading and controlling. the resources arranged in an orderly and functional way to accomplish goals and objectives. the company on track and making sure goals are met. for the daily operations of a business. examples of this are supervisors, office managers, and crew leaders. act or process of creating goals and objectives as well as the strategies to meet them. for the daily operations of a business. examples of this are supervisors, office managers, and crew leaders. how the firm is structured and who is in charge of whom. direction and vision

Fabian got into an accident on his way to work. he had multiple fractures in his leg. his doctor advised strict bed rest for at least three months. fabian is a freelance wildlife photographer who usually works on a contract basis, and this is his primary source of income. before the accident, fabian was planning his finances. which goal of his financial plan would fabian in getting through without pay for the next three months? the goal that requires the creation of a/an would fabian get through the next three months without pay.

If a government accumulates chronic budget deficits over time, what's one possible result? a. a collective action problem b. a debt crisis c. regulatory capture d. an unfunded liability