Business, 18.12.2019 00:31, zachtheskier3896
During 2018, its first year of operations, baginski steel corporation reported a net operating loss of $375,000 for financial reporting and tax purposes. the enacted tax rate is 40%.
required:
1. prepare the journal entry to recognize the income tax benefit of the net operating loss. assume the weight of available evidence suggests future taxable income sufficient to benefit from future deductible amounts from the net operating loss carryforward.
2. show the lower portion of the 2018 income statement that reports the income tax benefit of the net operating loss.
Answers: 1
Business, 22.06.2019 11:00, dxpebetty64
Which statement best describes the variety of workplaces commonly found in the health science career cluster? a. workplaces in this cluster include healthcare facilities such as hospitals, physician offices, and clinics. b. workplaces in this cluster include healthcare facilities, laboratories, and other environments such as offices or homes. c . workplaces in this cluster include nonprofit hospitals, government-run clinics, and private physicians' offices. d. workplaces in this cluster include private and nonprofit hospitals and clinics, and dentists' offices.
Answers: 1
Business, 22.06.2019 11:40, thedarcieisabelleand
Select the correct answer. which is a benefit of planning for your future career? a. being less prepared after high school. b. having higher tuition in college. c. earning college credits in high school. d. ruining your chances of having a successful career.
Answers: 2
Business, 22.06.2019 13:10, kell22wolf
Lin corporation has a single product whose selling price is $136 per unit and whose variable expense is $68 per unit. the company’s monthly fixed expense is $32,400. required: 1. calculate the unit sales needed to attain a target profit of $5,000. (do not round intermediate calculations.) 2. calculate the dollar sales needed to attain a target profit of $8,400.
Answers: 3
During 2018, its first year of operations, baginski steel corporation reported a net operating loss...