At the end of 2020, Payne Industries had a deferred tax asset account with a balance of $60 million attributable to a temporary book-tax difference of $240 million in a liability for estimated expenses. At the end of 2021, the temporary difference is $176 million. Payne has no other temporary differences and no valuation allowance for the deferred tax asset. Taxable income for 2021 is $432 million and the tax rate is 25%. Payne has a valuation allowance of $10 million for the deferred tax asset at the beginning of 2021. Prepare the journal entry(s) to record Payne’s income taxes for 2021, assuming it is more likely than not that the deferred tax asset will be realized.

What is the most important factor that affects the value of a company? a) cash flow b) earnings c) supply and demand d) number of employees

Electronics assembly inc. is a contract manufacturer that assembles consumer electronics for a number of companies. currently, the operations manager is assessing the capacity requirements as input into a bid for a job to assemble cell phones for a major global company. the company would assemble three models of cell phones in the same assembly cell. setup time between the phones is negligible. electronics assembly inc. operates two 8-hour shifts for 275 days per year. cell phone demand forecast (phones/year) processing time (minutes/phone) mars 47,000 19.8 saturn 35,000 20.7 neptune 7,500 16.2 a. calculate total capacity required by line. b. determine the total operating time available. c. calculate the total number of assembly cells. (round up your answer to the next whole number.)

What is the equity method balance in the investment in lindman account at the end of 2018?