West corp. leased a building and received the $36,000 annual rental payment on june 15, year 4. the lease was classified as an operating lease. the beginning of the lease was july 1, year 4. rental income is taxable when received. west’s tax rates are 30% for year 4 and 40% thereafter. west had no other permanent or temporary differences. west determined that no valuation allowance was needed. what amount of deferred tax asset should west report in its december 31, year 4, balance sheet?

Which of the following is likely not a benefit of requiring a grand jury to listen to and examine all of the evidence against a person suspected of committing a serious crime and then independently deciding whether or not to hand down an indictment? 1.the grand jury system provides the accused another safeguard against being sent to trial and facing conviction based on flawed evidence. 2.the members of the grand jury are drawn from the community and are empowered to render independent decisions about whether or not the government has collected enough evidence to bring an individual to trial. 3.the grand jury’s decision can provide prosecutors insight into what is necessary to build a sufficient case if a similar crime is presented later. 4.the grand jury is impaneled to rubber-stamp prosecutors’ cases, which makes it possible for more cases to reach trial.