Presented below is information for Santa Cruz Corporation:
a. January 1, 2020, Deferred Tax Liability $ 300,000
b. January 1, 2020, Deferred Tax Asset $ 10,000
c. 2020 Taxable Income $1,005,000
d. December 31, 2020 - Cumulative temporary differences, giving rise to future taxable amounts $2,030,000
e. Cumulative temporary difference at December 31, 2020, giving rise to future deductible amounts $ 950,000
f. Tax rate for all years 20%
g. The company is expected to operate profitably in the future
Required:
1. Compute pretax financial income for 2020
2. Prepare the journal entry to record tax expense, deferred income taxes, and income taxes payable for 2020
3. Compute the effective tax rate for 2020

In june, one of the processinthe assembly department started the month with 25,000 units in its beginning work in process inventory. an additional 310,000 units were transferred in from the prior department during the month to begin processing in the assembly department. there were 30,000 units completed and transferred to the next processing department during the month. how many units the assembly department started the month with 25,000 units in its beginning work in process inventory. an additional 310,000 units were transferred in from the prior department during the month to begin processing in the assembly department. there were 30,000 units completed and transferred to the next processing department during the month. how many units were in its ending work in process inventory