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Discussion 1: A few years ago Congress passed the Cybersecurity Act of 2015, which allows for information sharing between the federal government and the private sector, monitoring for cybersecurity purposes, and better cybersecurity protections at the federal government. Attached here is a 13-page document that summarizes the legislation and provides some history around it. What do you see as the advantages and disadvantages of having this piece of legislation in place?
Attachment:- cybercity act.rar
Assuming McMohan's book income (after adjusting for permanent differences) is $100,000. Calculate McMohan's deferred tax assets and liabilities
In 1980, Jonathan leased real estate to Jay Corporation for 20 years. Jay Corporation made significant capital improvements to the property. In 2000, Jay decides not to renew the lease and vacates the property.
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A restaurant pays $10,800 in advance for six months' building rent and recognizes rental expense every month.
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