Business, 25.12.2019 04:31, ZoomZoom44
Cold, inc.,reported a $100,000 total tax expense for financial statement purposes in year 1.this total expense consisted of $150,000 in current tax expense and a deferred tax benefit of $50,000.the deferred tax benefit consisted of $90,000 in deferred tax assets reduced by a valuation allowance of $40,000.in year 2,cold reports $600,000 in book net income before tax. cold records no other permanent or temporary book-tax differences. at the end of year 2, cold's auditors determine that the existing valuation allowance of $40,000 should be reduced to zero. what is cold's total tax expense for year 2?
a. $250,000
b. $126,000
c. $86,000
d. $40,000
Answers: 2
Business, 22.06.2019 10:30, highflylex279
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Answers: 2
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Assume the total cost of a college education will be $250,000 when your child enters college in 17 years. you presently have $69,000 to invest. what annual rate of interest must you earn on your investment to cover the cost of your child’s college education? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.)
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Business, 23.06.2019 02:00, christiannpettyy
Donna and gary are involved in an automobile accident. gary initiates a lawsuit against donna by filing a complaint. if donna files a motion to dismiss, she is asserting that
Answers: 1
Cold, inc.,reported a $100,000 total tax expense for financial statement purposes in year 1.this tot...
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