subject
Business, 27.11.2019 20:31 lillianesagoff7411

Wcc corp. has a $140,000 net operating loss carryover into 2020. assume that it reported $83,000 of taxable income in 2020 (before the net operating loss deduction) and $70,000 of taxable income in 2021 (before the net operating loss deduction). (leave no answer blank. enter zero if applicable.) problem 13-65 part c c. assuming the $140,000 nol carryover originated in 2019, what is wcc’s book-tax difference associated with the nol in 2020 and in 2021 and identify the book tax difference for each year as permanent or temporary

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 13:00
As you start to review the various career options available to you, you will notice that not every career will require what?
Answers: 2
question
Business, 22.06.2019 07:40
Xyz corporation has provided the following data concerning manufacturing overhead for july: actual manufacturing overhead incurred $ 69,000 manufacturing overhead applied to work in process $ 79,000 the company's cost of goods sold was $243,000 prior to closing out its manufacturing overhead account. the company closes out its manufacturing overhead account to cost of goods sold. which of the following statements is true? multiple choice manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000
Answers: 1
question
Business, 22.06.2019 09:40
Catherine de bourgh has one child, anne, who is 18 years old at the end of the year. anne lived at home for seven months during the year before leaving home to attend state university for the rest of the year. during the year, anne earned $6,000 while working part time. catherine provided 80 percent of anne's support and anne provided the rest. which of the following statements regarding whether anne is catherine's qualifying child for the current year is correct? a.anne is a qualifying child of catherine.b.anne is not a qualifying child of catherine because she fails the gross income test.c.anne is not a qualifying child of catherine because she fails the residence test.d.anne is not a qualifying child of catherine because she fails the support test.
Answers: 2
question
Business, 22.06.2019 15:30
Calculate the required rate of return for climax inc., assuming that (1) investors expect a 4.0% rate of inflation in the future, (2) the real risk-free rate is 3.0%, (3) the market risk premium is 5.0%, (4) the firm has a beta of 2.30, and (5) its realized rate of return has averaged 15.0% over the last 5 years. do not round your intermediate calculations.
Answers: 3
You know the right answer?
Wcc corp. has a $140,000 net operating loss carryover into 2020. assume that it reported $83,000 of...
Questions
question
Mathematics, 26.05.2020 04:57
Questions on the website: 13722367