Allied Corp. has a deferred tax asset balance of $130,000 on December 31, 2020, due to a temporary difference related to a warranty expense accrual that is not deductible for tax purposes. The deferred tax asset balance has increased $26,000 over the prior year ending balance of $104,000. Taxable income for 2020 is $546,000 and the tax rate is 25%. There is a $31,200 beginning balance in the valuation allowance. Required:
a. Record the income tax journal entry on December 31, 2020, assuming that it is more likely than not that the deferred tax asset will be realized
b. Record the income tax journal entries on December 31, 2020, assuming that it is more likely than not that only 60% of the deferred tax asset will be realized.

Which actions can you improve your credit score? (multiple can be selected)having a good credit score should be your prime objective as credit companies analyze your creditworthiness before giving you a loan. there are certain guidelines you can follow to ensure you have a good credit score. always pay your mortgage interest on time. if you are a student, make student loan inquiries before taking any loan. if you have multiple credit cards, manage them judiciously. maintain a healthy balance in your bank account.1. always pay your mortgage interest on time.2. if you are a student, make student loan inquiries before taking any loan.3. if you have multiple credit cards, manage them judiciously.4. maintain a healthy balance in your bank account.

In a chapter 7 bankruptcy, a debtor:

Define the marginal rate of substitution between two goods (x and y). if a consumer’s preferences are given by u(x, y) = x3/4y1/4, compute the consumer’s marginal rate of substitution as a function of x and y. calculate the mrs if the consumer has chosen to consumer 48 units of x and 16 units of y. show your work. (use the back of the page if necessary.