The following facts relate to Bramble Corporation. 1. Deferred tax liability, January 1, 2020, $34,200.
2. Deferred tax asset, January 1, 2020, $11,400.
3. Taxable income for 2020, $119,700.
4. Cumulative temporary difference at December 31, 2020, giving rise to future taxable amounts, $262,200.
5. Cumulative temporary difference at December 31, 2020, giving rise to future deductible amounts, $108,300.
6. Tax rate for all years, 20%. No permanent differences exist.
7. The company is expected to operate profitably in the future.

Required:
a. Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2020.
b. Compute the amount of pretax financial income for 2020.

You have just been hired as a financial analyst for barrington industries. unfortunately, company headquarters (where all of the firm's records are kept) has been destroyed by fire. so, your first job will be to recreate the firm's cash flow statement for the year just ended. the firm had $100,000 in the bank at the end of the prior year, and its working capital accounts except cash remained constant during the year. it earned $5 million in net income during the year but paid $800,000 in dividends to common shareholders. throughout the year, the firm purchased $5.5 million of machinery that was needed for a new project. you have just spoken to the firm's accountants and learned that annual depreciation expense for the year is $450,000; however, the purchase price for the machinery represents additions to property, plant, and equipment before depreciation. finally, you have determined that the only financing done by the firm was to issue long-term debt of $1 million at a 6% interest rate. what was the firm's end- of-year cash balance? recreate the firm's cash flow statement to arrive at your answer

What is free trade? a. trade that is not subject to taxes or fees b. trade that governments do not interfere with c. trade with a high level of government regulation d. trade between states in the u. s. b

When using various forms of promotion to carry the promotion message, it is important that the recipients of the message interpret it in the same way. creating a unified promotional message, where potential customers perceive the same message, whether it is in a tv commercial, or on a billboard, or in a blog, is called