Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - Swiftsure Ltd has carried forward a deferred tax liability of 170000, arising from differences between carrying amount and tax bases of the company's assets. On 30 June 2013, the carrying amounts and tax bases of the company's assets were as follows:
Assets
Carrying amount
Tax base
A
$142000
$108000
B
$541000
$340000
C
$820000
$610000
D
$86000
$40000
The current income tax expense for the year ended 30 June 2013 is $8400000 and tax rate is 30%.
Required -
(a) Prepare general journal entries on 30 June 2013 to record company's income tax expense.
(b) How would your answer differ if the balance of the deferred tax liability carried forward was $120000?
Compute the hours worked each day. (Ignore the one-minute tardiness on Friday.), the total hours worked, The regular earnings, The total earnings and The overtime earnings.
Accounting for trading investments On January 1, 2016, Bark Company invests $11,000 in Iris, Inc. stock. Iris pays Bark a $200 dividend on July 1, 2016.
Calculate the annual fixed costs. Calculate the contribution margin per day. How many days does the boat need to be chartered so that the business breaks even?
Internal Control Considerations in End-User Computing Environments. Because of the use of personal computers by many businesses.
A major accounting contribution to the managerial decision-making process in evaluating possible courses of action is to
caterpillar is the largest industrywho makes construction equipment. company is interesting to build anew crain which
in a bank reconcilation there might be items which have been recorded by the company that have not yet been recorded by
Compute cost of goods sold expense. In your calculations round weighted average cost to the nearest cent
Purchase Price $45,000 Shipping Costs $250 Install/Setup Costs $1,000 Salvage Value $3,950 Useful Life 6 Years What is the capitalized cost of the equipment
Practice Planning: Review the difference between a long-range and short-range plan. Provide an example in a total of 2 to 4 sentences of when each type of plan.
Presented below are unrelated cases involving investments in equity securities. Indicate the accounting required for each case separately.
Prepare adjusting journal entries for the year ended (date of) December 31, 2011, for each of these separate situations.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd