Find which of the in the balance sheet

Assignment Help Accounting Basics
Reference no: EM132612591

At the end of 2014, the only expected future temporary difference is implied by the following account found in the balance sheet: Prepaid rent = $22,000

Problem 1: The footnotes reveal that the prepaid rent applies only to 2015. You would also expect to find which of the following in the balance sheet:

Option 1: Current deferred tax liability

Option 2: Current deferred tax asset

Option 3: Noncurrent deferred tax liability

Option 4: Noncurrent deferred tax asset

Reference no: EM132612591

Questions Cloud

Provide leadership in advancing the well-being of individual : Discretionary responsibility occurs when an organization voluntarily moves beyond basic economic, legal, and ethical expectations. True/false
Describing data analytics company : Describing your Data Analytics (imaginary) company. Will define what need you fulfill, what your customer is looking for,
How ivanhoe would report comprehensive income of : For 2020, Ivanhoe would report comprehensive income of? Unrealized holding gain on available-for-sale securities 84900, Sales revenue
How does the consistency of the milk change : What facilitates this change? What attributes does lactic acid confer to yogurt? What are the breakdown products of lactose?
Find which of the in the balance sheet : The footnotes reveal that the prepaid rent applies only to 2015. You would also expect to find which of the in the balance sheet
Which an example of a compound financial instruments is : Which an example of a compound financial instruments is? A perpetual bond./ A convertible bond./ Common shares./ Stock options
What impact could poor quality product have on company : What impact could a poor quality product have on a company? How does reputation help a company to be more competitive?
What amount would the transaction be valued on abc books : $15,000 while the appraised value of the Machinery & Equipment was $12,000. At what amount would this transaction be valued on ABC's books?
Which a stock dividend is recorded as : Which a stock dividend is recorded as? An increase in share capital and a decrease in retained earnings./ An increase in share capital and decrease in inventory

Reviews

Write a Review

Accounting Basics Questions & Answers

  Find the cost incurred in a manufacturing firm

For each of the costs incurred in a manufacturing firm, indicate whether the costs are fiXed (F) or variable (V) and whether they are period costs (P) or product costs (M) under full absorption costing.

  Carmel company acquires a mineral deposit at a cost of

carmel company acquires a mineral deposit at a cost of 5900000. it incurs additional costs of 600000 to access the

  Prepare the journal entry for these transactions

Instructions - Prepare the journal entry for these transactions under the cost method of accounting for treasury stock

  The number of vacancies present in some metal at 788degc is

the number of vacancies present in some metal at 788degc is 1.8 x 1024 m-3. calculate the number of vacancies at

  How much did the insurance company pay for this accident

An insured carries all three classifications of insurance, with a deductible of $500 for collision. How much did the insurance company pay for this accident

  What gross income will pat recognize in 2014

a) What gross income will Pat recognize in 2014 and each year thereafter?

  Determine the net income after taxes

This problem shows the importance of considering the importance of converting operating leases to capital leases for financial statement analysis.

  What is the difference between the two alternatives

Rubium Micro Devices currently manufactures a subassembly. Should Rubium make or buy the subassemblies? What is the difference between the two alternatives?

  Problem - Income Statements Segmented by Products

Problem - Income Statements Segmented by Products. Prepare income statements segmented by client categories. Include a column for the entire firm in statement

  What was the balance in the investment in nicole account

Only 10% of the 2011 purchases had not been sold to outsiders by the end of 2011. What was the balance in the Investment in Nicole Corp. account

  What is the annual operating income from deluxe

Paul's Medical Equipment Company manufactures hospital beds. What is the annual operating income from Deluxe at the price of $5,000

  How given accounts reported in guillen balance sheet

Guillen, Inc. began work on a $7,000,000 contract in 2014 to construct an office building. Guillen uses the completed-contract method.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd