![Business](/tpl/images/cats/ekonomika.png)
Business, 13.04.2021 08:20, jacquelineS4232
Nash Company reported the following pretax financial income (loss) for the years 2018 through 2022:
Year
Pretax
Income (Loss)
2018 $73,000
2019 $46,000
2020 (272,000)
2021 $91,000
2022 $224,000
Pretax financial income (loss) and taxable income (loss) were the same for all years involved. The enacted tax rate was 30% for 2018 through 2020, and 20% for 2021 and thereafter. The company has decided not to carry the loss back. All enacted tax rates were known as of 2018.
(a)
Prepare the journal entries for the years 2018 through 2022 to record income tax expense, income tax payable (refundable), and the tax effects of the loss carryforward, assuming that based on the weight of available evidence, it is more likely than not that 60 percent of the benefits of the loss carryforward will not be realized.
![answer](/tpl/images/cats/otvet.png)
Answers: 2
Other questions on the subject: Business
![image](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 09:30, bubbagumpshrimpboy
When you hire an independent contractor you don't have to pay the contractors what
Answers: 3
![image](/tpl/images/cats/ekonomika.png)
![image](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 17:50, Senica
Bandar industries berhad of malaysia manufactures sporting equipment. one of the company’s products, a football helmet for the north american market, requires a special plastic. during the quarter ending june 30, the company manufactured 35,000 helmets, using 22,500 kilograms of plastic. the plastic cost the company $171,000. according to the standard cost card, each helmet should require 0.6 kilograms of plastic, at a cost of $8 per kilogram. 1. what is the standard quantity of kilograms of plastic (sq) that is allowed to make 35,000 helmets? 2. what is the standard materials cost allowed (sq x sp) to make 35,000 helmets? 3. what is the materials spending variance? 4. what is the materials price variance and the materials quantity variance?
Answers: 1
![image](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 19:40, thomasalmo2014
On april 1, santa fe, inc. paid griffith publishing company $2,448 for 36-month subscriptions to several different magazines. santa fe debited the prepayment to a prepaid subscriptions account, and the subscriptions started immediately. what amount should appear in the prepaid subscription account for santa fe, inc. after adjustments on december 31 of the first year assuming the company is using a calendar-year reporting period and no previous adjustment has been made?
Answers: 1
Do you know the correct answer?
Nash Company reported the following pretax financial income (loss) for the years 2018 through 2022:...
Questions in other subjects:
![Konu](/tpl/images/cats/mat.png)
Mathematics, 25.11.2021 19:10
![Konu](/tpl/images/cats/ekonomika.png)
Business, 25.11.2021 19:10
![Konu](/tpl/images/cats/ekonomika.png)
![Konu](/tpl/images/cats/en.png)
English, 25.11.2021 19:10
![Konu](/tpl/images/cats/mat.png)
Mathematics, 25.11.2021 19:10
![Konu](/tpl/images/cats/geografiya.png)
![Konu](/tpl/images/cats/istoriya.png)
![Konu](/tpl/images/cats/ekonomika.png)
Business, 25.11.2021 19:10
![Konu](/tpl/images/cats/biologiya.png)
Biology, 25.11.2021 19:10
![Konu](/tpl/images/cats/biologiya.png)
Biology, 25.11.2021 19:10