Which of the following statements is true?
A. ASC 740 focuses on the income tax expense or benefit on the income statement
B. ASC 740 focuses on the balances in the deferred tax assets and liabilities on the balance sheet
C. ASC 740 focuses on the income taxes paid or refunded in the Statement of Cash Flows
D. ASC 740 focuses on the computation of a company's effective tax rate in the income tax note to the financial statements

Answers

Answer 1

Answer:

B. ASC 740 focuses on the balances in the deferred tax assets and liabilities on the balance sheet

Explanation:

ASC 740 applied the asset and liability approach for determining the current tax payable of the company and deferred tax payable for the company both should be refundable also its main focus is on the company balance sheet

So as per the given options, the option b is correct as it focused on the deferred tax asset and the deferred tax liabilities that to be shown on the balance sheet

So, other options should be wrong


Related Questions

All of the following are examples of body language except:

Answers

Answer:

using humor to describe a situation

Answer:

I would go with b. using humor to describe a situation

Explanation:

Using humor is basically trying to accentuating your point/situation,so that's excluded.

I hope this helps

DeWitt Industries has adopted the following production budget for the first 4 months of 2017. Month Units Month Units January 10,440 March 5,190 February 8,240 April 4,120 Each unit requires 3 pounds of raw materials costing $2 per pound. On December 31, 2016, the ending raw materials inventory was 9,500 pounds. Management wants to have a raw materials inventory at the end of the month equal to 20% of next month’s production requirements. Prepare a direct materials purchases budget by month for the first quarter.

Answers

Answer:

DeWitt Industries

Materials Purchase Budget for the first quarter:

                                   January      February     March

Ending inventory          1,648            1,038           824

Production

requirements            31,320         24,720       15,570

Beginning inventory   9,500            1,648         1,038

Purchases (pounds)  21,820         23,072       14,532

Explanation:

a) Data and Calculations:

Production Budget

Month        Units

January    10,440

February   8,240

March        5,190

April          4,120

                               January      February     March       April

Production Units     10,440          8,240        5,190      4,120

Production

requirements        31,320        24,720       15,570   12,360

Materials Purchase Budget

                                   January      February     March       April

Ending inventory          1,648            1,038           824

Production

requirements            31,320         24,720       15,570      12,360

Beginning inventory   9,500            1,648         1,038           824

Purchases (pounds)  21,820         23,072       14,532       11,536

Use the following to answer question 10: Presented below is information related to ABC Corporation: Common Stock, $1 par Paid-in Capital in Excess of Par—Common Stock Preferred 8 1/2% Stock, $50 par Paid-in Capital in Excess of Par—Preferred Stock Retained Earnings Treasury Common Stock (at cost) $3,500,000 550,000 2,000,000 400,000 1,500,000 150,000 10. The total stockholders' equity of ABC Corporation is

Answers

Answer:

Explanation:

Calculation to determine what The total stockholders' equity of ABC Corporation is

Using this formula

Total stockholders' equity

=Common Stock+Paid-in Capital in Excess of Par—Preferred Stock + Paid-in Capital in Excess of Par—Common Stock + Preferred Stock, + Retained Earnings -Treasury Common Stock (at cost)

Let plug in the formula

Total stockholders' equity=$3,500,000 + 400,000 + $550,000 + $2,000,000 + $1,500,000 - $150,000

Total stockholders' equity= $7,800,000

Therefore The total stockholders' equity of ABC Corporation is $7,800,000

In classifying the kinds of projects an organization has in its portfolio, projects that are typically those needed to meet regulatory conditions required to operate in a region are ___________ projects. Multiple Choice Conformance Compliance (must do) Operational Sacred cow Strategic

Answers

Answer:

complicances

Explanation:

Consistent with the ________ principle, plant assets should be recorded at cost, which includes all the normal and reasonable expenditures necessary to get the asset in place and ready for its intended use. Multiple choice question. plant asset cost full disclosure monetary unit

Answers

( cost )

Consistent with the cost principle, plant assets should be recorded at cost, which includes all the normal and reasonable expenditures necessary to get the asset in place and ready for its intended use. Multiple choice question. plant asset cost full disclosure monetary unit

If the public decides to hold more currency and fewer deposits in banks, bank reserves a. decrease and the money supply eventually decreases. b. decrease but the money supply does not change. c. increase and the money supply eventually increases. d. increase but the money supply does not chang

Answers

A. Decreases and the money supply eventually decreases

Honi is not a resident of Iowa although her website can be accessed by residents of that state. Jean files a suit against Honi in an Iowa state court. The court is most likely to have jurisdiction over Honi if Jean's claim arises from Group of answer choices the Internet's capacity to bypass boundaries. minimum contacts between Honi and any Iowa resident. substantial business between Jean and Honi through Honi's website. passive advertising on Honi's website.

Answers

Answer:

substantial business between Jean and Honi through Honi's website.

Explanation:

Jurisdiction of a court is the limit of its authority in in various proceedings such as cases, appeals, suits, and so on.

Normally state courts have jurisdiction when transactions occurred physically within the state.

However in this scenario where Honi's website can be accessed by residents of that state, a suit can be brought against her if there is substantial business between Jean and Honi through Honi's website.

Years ago, the travel industry was controlled by a few large travel companies that booked holidays, air tickets, bus tickets, and hotels for their customers. However, with the emergence of the internet, smaller travel agencies started mushrooming in the industry and customers started making their own reservations. Which of the following can be inferred from this information?
A. The travel industry changed from a consolidated structure to a fragmented one.
B. The structure of the travel industry changed from monopolistic competition to an oligopolistic one.
C. The pricing power of the incumbent firms in the travel industry has increased.
D. The bargaining power of buyers in the travel industry has decreased.

Answers

Answer:

A. The travel industry changed from a consolidated structure to a fragmented one.

Explanation:

In the given passage, the speaker talks of the change in the way travels are managed. Initially, few large travel agencies took control of the way travel is arranged, from booking tickets to managing hotel rooms.

But as the internet grew and many people are able to access it, travels, accommodations, etc. are being managed by the individuals themselves or even smaller travel agencies are able to do the work without the need for such large companies to be involved.

This shows that the travel industry changed from a consolidated, large companies structure to a fragmented one, that of smaller agencies and even individuals themselves.

Thus, the correct answer is option A.

History of Stock Exchange in India

Answers

Answer:

The first organised stock exchange in India was started in 1875 at Bombay and it is stated to be the oldest in Asia. In 1894 the Ahmedabad Stock Exchange was started to facilitate dealings in the shares of textile mills there. The Calcutta stock exchange was started in 1908 to provide a market for shares of plantations and jute mills.

Then the madras stock exchange was started in 1920. At present there are 24 stock exchanges in the country, 21 of them being regional ones with allotted areas. Two others set up in the reform era, viz., the National Stock Exchange (NSE) and Over the Counter Exchange of India (OICEI), have mandate to have nation-wise trading.

They are located at Ahmedabad, Vadodara, Bangalore, Bhubaneswar, Mumbai, Kolkata, Kochi, Coimbatore, Delhi, Guwahati, Hyderabad, Indore, Jaipur’ Kanpur, Ludhiana, Chennai Mangalore, Meerut, Patna, Pune, Rajkot.

The Stock Exchanges are being administered by their governing boards and executive chiefs. Policies relating to their regulation and control are laid down by the Ministry of Finance. Government also Constituted Securities and Exchange Board of India (SEBI) in April 1988 for orderly development and regulation of securities industry and stock exchanges.

Draw a market supply and demand curve representing a state with no restrictions on who can conduct the real estate closing transaction.

Answers

Answer:

attached below

Explanation:

Supply and demand curves are used to represent the relationship between the two main forces of the open market ( demand and supply )

with no restriction on who can conduct real estate closing transaction, when the demand curve shifts to the right there will be no change with the supply curve. but the price will move from P1 to P2 and quantity will move from Q1 to Q2.

List five materials for packaging with two example of product used​

Answers

Answer:

Paper/Paperboard/Fiberboard.

HDPE/PET/Rigid Packaging.

LDP/LLDPE/Flexible Packaging.

Aluminum Packaging.

Glass/Jars.

How does microfinance benefit the global economy?​

Answers

I am sorry I do not know

Managers should not become complacent about efficiency-based cost advantages because: a. both learning effects and economics of scale go on forever. b. the experience curve will bottom out at some point. c. cost advantages gained from experience effects are not affected by the development of new technologies. d. unit costs keep reducing as output increases. e. the experience curve steadily rises after a certain threshold is reached, indicating an increase in unit costs.

Answers

Answer:

b. the experience curve will bottom out at some point.

Explanation:

In the case when the manager could not become complacent regarding the advantage of efficiency based cost so here the experience curve should be end up at some point of time as the experience curve shows the relationship between the production quantity in cumulative one with the production cost

Therefore the option b is correct

Identify a true statement about succession planning. Group of answer choices Long-term succession planning should exclusively include the CEO and top-level executives. Looking both internally and externally for potential candidates should be avoided during succession planning. It discourages the practice of making status-blind employment decisions. It provides career opportunities and plans for individuals, which helps retention and performance.

Answers

Answer:

It provides career opportunities and plans for individuals, which helps retention and performance.

Explanation:

Given that succession planning is the planning technique that involves the turning over of a firm's leadership roles, which is usually the owner of a firm or business to one or more employees such that the businesses keep running smoothly even after the firm's pioneers have long gone.

Some of the factors to consider when developing succession plans are

1. Internal candidates.

2. Candidate development.

3. Multiple candidates.

4. Diversity.

5. Team approach.

6. Middle management of the firm

7. Retention

Hence, the true statement about succession planning is that "it provides career opportunities and plans for individuals, which helps retention and performance."

Disintermediation involves ______. Multiple choice question. professionally managed and centrally coordinated channels designed to achieve economies and maximize impact one firm's marketing channel being used to sell another firm's products a contractual arrangement between a parent company and another entity that is allowed to operate a business under an established name a channel member bypassing another member to sell or buy product directly

Answers

Answer:

a channel member bypassing another member to sell or buy product directly.

Explanation:

A marketing channel can be defined as the process of developing marketing techniques and sales strategies by a firm, so as to enhance the availability of goods and services to meet the needs of the end users or consumers. There are four (4) main types of marketing channels;

1. Direct selling.

2. Dual distribution.

3. Reverse channel.

4. Sales through intermediaries.

The marketing intermediaries consist of retailers, wholesalers, agents or brokers, franchises, and distributors or dealers in the supply of goods and services to the customers.

The three (3) main functions of the intermediaries includes;

I. Logistical function: it involves assortment, sorting, storing and transportation of goods.

II. Transactional function: it involves an intermediary buying, selling and taking risks with respect to goods and services.

III. Facilitating function: it involves financing, marketing, grading and conducting research on a product or service.

Disintermediation can be defined as a strategic process which typically involves cutting out or isolating one or more intermediary (middleman) such as retailers, wholesalers, banks, agents (brokers), franchises, distributors (dealers) and other third parties from a supply chain, decision-making process, or business transactions.

This ultimately implies that, disintermediation involves a channel member bypassing another member to sell or buy product directly.

which statement best illustrates the relationship between three different elements of the circular flow of products

Answers

Answer:

C. Businesses create goods for product markets, which sell them directly to households.

Explanation:

Circular flow model is an economic model that is used by economists to show or demonstrate how money, goods and services move from one economic agent to another such as producer, workers, wholesaler, retailer and consumers (households).

Basically, the three (3) elements of the circular flow model of products are;

I. Business firms (producers).

II. Product market (wholesalers and retailers).

III. Households (consumers).

According to the circular flow model of products, businesses play a role in the circular flow of products (goods) by creating goods that households or consumers want to buy. These goods are produced to meet the needs or wants of customers (households) and as such making them willing to buy it.

This ultimately implies that, the cardinal point or reason for which businesses engage in the manufacturing of goods and services is to supply the product markets, which sells them to consumers in order to meet their demands.

In conclusion, the statement which best illustrates the relationship between the three (3) different elements of the circular flow of products is that, businesses create goods for product markets, which sell them directly to households.

Answer:

resource markets sell materials sell materials to businesses which use them to make goods sold to households

Explanation:

I just took the test

A plaintiff sued a chimney sweeping company for personal injury and property damages resulting from an explosion in her chimney the evening after the company had cleaned it. The explosion, which occurred when the plaintiff lit a fire in the fireplace, caused minor damage to the chimney, roof, and to the plaintiff, who was hit by falling bricks. As evidence that she assumed the risk of injury, the company offers to have its foreman testify that he had told the plaintiff not to use the fireplace for 24 hours to allow certain chemicals to evaporate. Is the foreman's proposed testimony hearsay

Answers

Answer:

No, because the statement is not offered for its truth.

Explanation:

Hearsay is defined as a statement that is aimed at proving the truth of a matter.

So if a person makes a statement not aimed at proving the truth of a matter it is not hearsay.

In the given scenario the company offers to have its foreman testify that he had told the plaintiff not to use the fireplace for 24 hours to allow certain chemicals to evaporate.

This statement is offered as a way to test the knowledge of the plaintiff. To see if he was aware of the danger of in the space of 24 hours.

That statement was not issued as a way of showing that it was dangerous for the plaintiff to light a fire, only to test his knowledge. So it is not hearsay.

HELP PLS
A construction company in a small town needs to hire workers to build a new community center. There are only 4 people in town who are qualified to work:
- Klara works full-time at the local gas station, earning $8.99 per hour
- Henry works full-time as an administrative assistant at the town hall, earning $19.99 per hour
- Alex works four hours a day mowing lawns, earning $11.99 per hour, and another four hours a day cleaning houses, earning $17.99 per hour
- Melody works full-time at a bank in the next town earning $22.99 per hour
What hourly wage must the construction company offer to get enough workers to fill 30 hours per day? Assume your answer is in dollars per hour and enter a numeric value only.

Answers

Answer:

$23

Explanation:

which of the following behavior patterns may be a characteristic of minors

Answers

Answer:

Self conscious about appearance

Explanation:

A minor is a usually adopted as term used to make distinction between an adult who can take up legal responsibilities and a child who legally below the specified age of the majority or adulthood. Distinction between minors and adulthood is usually based on the age of the individual. Person below the age of 18 in most countries are considered as minor. They possess certain characteristics which may include excessive consciousness about looks and trying to avoid eyes contact as much as possible.

Absolute advantage is the ability of an​ individual, firm, or country to​ produce: A. a certain good at a lower opportunity cost than other producers. B. more of a certain good than other competing​ producers, given the same number of resources. C. more of a certain good than other competing​ producers, given more resources. D. a certain good at a lower total cost than other producers.

Answers

Answer:

D

Explanation:

Absolute advantage is the ability of an individual, firm, or country to produce B. more of a certain good than other competing​ producers, given the same number of resources.

The term "absolute advantage" refers to the 'authority or power of an individual, firm, or country to do any economic activity that is more efficient than others. In other words, it is when a particular business is given the opportunity to produce goods more efficiently than others.

In economics, there are two types of advantages- absolute and comparative advantage. Absolute is where an individual firm, company, etc. is given the right to produce a better goods with a lesser labor force. On the other hand, comparative advantage is where the production cost is taken into consideration. This means that an individual firms or nation may be subjected to lower opportunity costs as compared to other producers.

The economic concept where production rights are given more to a particular firm or nation or even an individual is referred to as absolute advantage. Thus, the correct answer is option B.

Learn more about absolute advantage here:

brainly.com/question/23601678

What is the new law the American government enacted for promoting small businesses in the country?

O The Small Businesses Act of 1954.
O The Small Businesses Act of 1953.
O The Small Businesses Act of 1955.
O The Small Businesses Act of 1958.

Answers

Answer:

The Small Businesses Act of 1953.

Explanation:

In the United States of America, majority of the competitive landscape or business environment is made up of small business enterprise.

The Small Business Administration (SBA) is an agency of the federal government that is saddled with the responsibility of providing both managerial and financial assistance to small businesses in the United States of America.

The Small Businesses Act of 1953 was enacted as an Act of Congress on the 30th of July, 1953 by the Congress of the United States of America to create the Small Business Administration (SBA).

Hence, SBA was established in 1953 as an autonomous (independent) agency of the government of the United States of America to aid, counsel, assist and protect American entrepreneurs and to preserve small business institutions.

Generally, it is saddled with the responsibility of providing both managerial and financial assistance and counseling to small businesses in order to bolster the American economy.

The small business administration (SBA) serves as an intermediary between entrepreneurs and investors or creditors, so as to provide them with the necessary funds required to plan, start and grow their business.

Basically, SBA provides services such as entrepreneurial development, access to funds, advocacy and contracting to small businesses (entrepreneurs) in the United States of America.

In conclusion, the Small Businesses Act of 1953 was the new law the American government enacted for promoting small businesses in the country.

An organization has experienced significant turnover among its creative writers. During exit interviews, the writers have expressed dissatisfaction with rigid starting times, a lack of recognition for their work, and poor communication between managers and employees. How should the organization incorporate the social well-being aspect in its action plan to address the issue?

Answers

Answer:

Establish a work/life program that allows flexibility.

Explanation:

In the case when there is the exit interviews so the writer would shows the dissatisfaction also there is less recognition towards the work and the poor communication between the managers and employees

So the organization should incorporate the social well being in a way where it created the work or life program that permits the flexibility

So as per the given situation, the above statement should be the answer

Consider industries X and Y. Industry X has total revenue of $100 million and total costs of $77 million. Industry Y has total revenue of $80 million and total costs of $40 million. We should expect that:
A. resources will move from Industry Y to Industry X.
B. prices are higher in Industry X.
C. labor and capital will move from Industry X to Industry Y.
D. firms in both industries will shut down operations.

Answers

Answer:

C

Explanation:

Profit = total revenue - total cost

Industry X : profit =  $100 million - $77 million = $23 million

Industry Y : profit = $80 million - 40 million = $40 million.

Industry Y is more profitable than industry X, thus, there would be a move of resources from Industry X to Industry Y.

The profit earned from the sale of stock that has increased in value is known as

Question 4 options:



A: a stock exchange.




B: speculation.




C: a capital gain.




D: a dividend.

Answers

Answer:

a capital gain . that is c

household play a role in the circular flow of goods by

Answers

Answer:

C) purchasing goods at product markets

Answer:

C. purchasing goods at product markets

Explanation:

It said on the test

Amanda, a florist, is the owner of Flush Inc. She receives a mail from Pluto Corp., a manufacturer of foam products, offering a water-soluble foam brick frequently used for arranging fresh flowers. According to the offer, if Amanda places an order with Pluto, she would be automatically registered to win $10,000 in a customer appreciation contest. This is an example of combining direct marketing with

Answers

Answer:

Sales promotion

Explanation:

From the question we are informed about Amanda, a florist, is the owner of Flush Inc. She receives a mail from Pluto Corp., a manufacturer of foam products, offering a water-soluble foam brick frequently used for arranging fresh flowers. According to the offer, if Amanda places an order with Pluto, she would be automatically registered to win $10,000 in a customer appreciation contest. This is an example of combining direct marketing with Sales promotion.

Direct marketing can be regarded as any marketing which is based on

direct communication as well as direct distribution of products to individual consumers, it's not carried it with help of third party like social media, texting campaigns or mass media.

Sales promotion can be regarded as a process involving persuasion of a potential customer so they can buy a product. Sales promotion is a technique suitable to be used in short-term tactic so that sales can be boosted, and usually target at consumers.

positive factors of bangladesh trading with united states

Answers

Answer: Increased revenues, benefitting from currency exchange

Explanation:

There benefits doing international trade. One of the the things that helps the economy of a nation is how well it does trade it's resources to other nations. Some of the benefits of Bangladesh trading with united states is that it increase the revenue of Bangladesh, and improves if the trade are more. Secondly, they benefit from the currency exchange rates. The United States has one of the best rates when we talk of currencies, and those trading with them will improve their local currencies too.

n a bicycle race with a $5,000 prize for the winner, a cyclist was leading by a significant margin. A spectator at the race was married to the second place rider. Sensing that her husband would not win unless she took action, the spectator drove to a point two miles ahead on the course, scattered several nails in the middle of the course, and then left the area. Soon thereafter, the cyclist approached the area and noticed the nails. He attempted to swerve around the obstruction but a nail punctured his tire. He fell off his bike, suffered significant physical injuries, and was unable to complete the race. If the cyclist sues the spectator, under what theory is the cyclist least likely to recover maximum punitive damages

Answers

Answer: intentional infliction of emotional distress.

Explanation:

In order for an individual to be able to make a claim of intentional infliction of emotional distress, it is required that the plaintiff must prove that the defendant intentionally acted recklessly or caused emotional distress to the person. In this case, there no evidence that an emotional distress was suffered.

Therefore, the theory that the cyclist is least likely to recover maximum punitive damages is intentional infliction of emotional distress.

Zero Corp. is an investment company authorized to issue only common stock. During the last half of the year, Edwards and four other individuals owned 450 of the 1,000 outstanding shares of stock in Zero. Another 350 shares of stock outstanding were owned, 10 shares each, by 35 shareholders who are neither related to each other nor to Edwards. Zero could be a personal holding company if the remaining 200 shares of common stock were owned by:

Answers

Answer:

Fifty-five shareholders who are related neither to each other nor to Edward, in equal lots of 10 shares each

Explanation:

100% correct

egislation permitting states to completely ban the sale of cigarettes and other tobacco products was passed by Congress and upheld by the United States Supreme Court. Following the lead of other states, a state legislature declined to enact a complete ban on tobacco products. However, it passed a compromise measure that banned all advertisements for cigarettes and tobacco products by any print or broadcast media located in the state. A state tobacco distributor that wished to advertise in local newspapers brings an action in federal court to challenge the state statute. How is the court likely to rule

Answers

Answer:

The statute is unconstitutional because the right to ban all truthful advertising for a product is not automatically justified by the right to ban the sale of a product entirely.

Explanation:

Considering the scenario described in the question above, the would court likely to rule that "the statute is unconstitutional because the right to ban all truthful advertising for a product is not automatically justified by the right to ban the sale of a product entirely."

This is because according to the regulations guiding the Advertisement of products and services, the state can only limit a truthful and non-deceptive advertisement of products and services if the state asserts a substantial government interest. Otherwise, it would be considered to be an improper restriction of commercial speech in as much the advertisement is not misleading and fraudulent.

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