Business
Business, 25.04.2020 01:04, 200002977

Sunland Company deducts insurance expense of $192000 for tax purposes in 2021, but the expense is not yet recognized for accounting purposes. In 2022, 2023, and 2024, no insurance expense will be deducted for tax purposes, but $64000 of insurance expense will be reported for accounting purposes in each of these years. Sunland Company has a tax rate of 20% and income taxes payable of $168000 at the end of 2021. There were no deferred taxes at the beginning of 2021. What is the amount of the deferred tax liability at the end of 2021?

answer
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 11:00, ilovecatsomuchlolol
Down under products, ltd., of australia has budgeted sales of its popular boomerang for the next four months as follows: unit salesapril 74,000may 85,000june 114,000july 92,000the company is now in the process of preparing a production budget for the second quarter. past experience has shown that end-of-month inventory levels must equal 10% of the following month’s unit sales. the inventory at the end of march was 7,400 units. required: prepare a production budget by month and in total, for the second quarter.
Answers: 3
image
Business, 22.06.2019 19:30, kenz2797
Nextdoor is an instant messaging application for smartphones. new smartphone users find it easier to connect with friends and relatives through this mobile app when compared to other similar instant messaging applications. hence, it has the largest user base in the industry. thus, nextdoor app's value has increased primarily due to itsa. learning curve effects. b. economies of scale. c. economies of scope. d. network effects.
Answers: 2
image
Business, 22.06.2019 20:20, jennybee12331
Precision aviation had a profit margin of 6.25%, a total assets turnover of 1.5, and an equity multiplier of 1.8. what was the firm's roe? a. 15.23%b. 16.03%c. 16.88%d. 17.72%e. 18.60%
Answers: 2
image
Business, 22.06.2019 23:30, cici170
Miller company’s most recent contribution format income statement is shown below: total per unit sales (20,000 units) $300,000 $15.00 variable expenses 180,000 9.00 contribution margin 120,000 $6.00 fixed expenses 70,000 net operating income $ 50,000 required: prepare a new contribution format income statement under each of the following conditions (consider each case independently): (do not round intermediate calculations. round your "per unit" answers to 2 decimal places.) 1. the number of units sold increases by 15%.
Answers: 1
Do you know the correct answer?
Sunland Company deducts insurance expense of $192000 for tax purposes in 2021, but the expense is no...

Questions in other subjects:

Konu
English, 28.02.2021 05:20
Konu
Mathematics, 28.02.2021 05:20
Konu
Mathematics, 28.02.2021 05:20
Konu
Mathematics, 28.02.2021 05:20
Konu
Mathematics, 28.02.2021 05:20