Business, 08.10.2019 00:30 aniacopenowell7

The following information relates to franklin freightways for its first year of operations (data in millions of dollars): pretax accounting income: $200 pretax accounting income included: overweight fines (not deductible for tax purposes) 5 depreciation expense 70 depreciation in the tax return using macrs: 110 the applicable tax rate is 40%. there are no other temporary or permanent differences. franklin's balance sheet at the end of its first year would report:

(a) a deferred tax liability of $16 among noncurrent liabilities.
(b) a deferred tax liability of $16 among current liabilities.
(c) a deferred tax asset of $16 among noncurrent assets.
(d) a deferred tax asset of $16 among current assets.

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 16:10

(4 points) suppose the production function in the solow model is given by yt = ak¯ 3/4 t l 1/4 t . (a) what are the five equations and five unknowns that summarize the solow model? (b) show the transition dynamics in the solow model if ¯sy0 < ¯dk0. make sure you label the axes, curves, initial level of capital and steady-state level of capital. (c) solve for capital, output, capital per person, and output per person in the steady state. (d) if a¯ = 2, l¯ = 4, ¯s = 0.2, and ¯d = 0.05, calculate the steady-state level of capital and output per person.

Answers: 3

Answer

Business, 22.06.2019 11:00

The following information is available for ellen's fashions, inc. for the current month. book balance end of month $ 7 comma 000 outstanding checks 700 deposits in transit 4 comma 500 service charges 120 interest revenue 45 what is the adjusted book balance on the bank reconciliation?

Answers: 2

Answer

Business, 22.06.2019 15:50

Evaluate a real situation between two economic actors; it could be any scenario: two competing businesses, two countries in negotiations, two kids trading baseball cards, you and another person involved in an exchange or anything else. use game theory to analyze the situation and the outcome (or potential outcome). be sure to explain the incentives, benefits and risks each face.

Answers: 1

Answer

Business, 22.06.2019 18:10

Find the zeros of the polynomial 5 x square + 12 x + 7 by factorization method and verify the relation between zeros and coefficient of the polynomials

Answers: 1

Answer

You know the right answer?

The following information relates to franklin freightways for its first year of operations (data in...

Questions