Alvis corporation reports pretax accounting income of $400,000, but due to a single temporary difference, taxable income is only $250,000. at the beginning of the year, no temporary differences existed. required: 1. assuming a tax rate of 35%, what will be alvis’s net income? 2. what will alvis report in the balance sheet pertaining to income taxes?

 1. $260,000

2. $52,500 and  $87,500

Explanation:

1. It can be computed as follows :-

Net income = Accounting income before tax - Income tax expense

                    = $ 400,000 - ($400,000) * (35%)

                    = $260,000

2. As per balance sheet :-

Deferred tax liability = ( $400,000 - $250,000) * (35%) = $52,500

Income tax liability = ($250,000) * (35%) = $87,500

multiculturalism is a particular subject of debate in certain european nations that are associated with the idea of a single nation within their country. critics of multiculturalism may argue against cultural integration of different ethnic and cultural groups to the existing laws and values of the country.

so yes, multiculturalism can (and usually does) result in the host country/continent losing its culture, identity and linguistics, especially due to the raw numbers of demographic transitions.

explanation:

its high unemployment figures

i just had a test with that question