Prepare the compound journal entry to record robert corps

Assignment Help Financial Management
Reference no: EM132322198

Question

Roberts Corp reports pretax accounting income of $216,000 but due to a single temporary difference taxable income is only $158,000. At the beginning of the year no temporary differences existed. Roberts is subject to a tax rate of 40%

Prepare the compound journal entry to record Robert Corp's income taxes.

Reference no: EM132322198

Questions Cloud

Describe how you might differentiate content : Give a specific example of how you might differentiate content based on one's culturally background. Why is it especially important not to generalize learning.
How can the whole community approach increase the resilience : How can the whole community approach increase the resilience of a community and of the individuals within that community?
Prepare the appropriate journal entry to record ezs income : EZ, Inc., reports pre-tax accounting income of $319,000, but dude was single temporary difference, taxable income is $410,000.
Design a network for CyberVision Inc : BN305 Virtual Private Networks Assignment - Secure Network Design and Implementation, Melbourne Institute of Technology, Australia. Design a network
Prepare the compound journal entry to record robert corps : Roberts Corp reports pretax accounting income of $216,000 but due to a single temporary difference taxable income is only $158,000.
Explain corporate involvement in community health : Explain corporate involvement in community health. Provide the key responsibility for at least three operating divisions of Department of Health-Human Services.
Develop an annotated bibliography of scholarly resources : Develop an annotated bibliography of at least Six scholarly resources for your final paper topic. This assignment is to help you prepare for the final paper.
Calculate cranes 2020 preferred dividends : During 2020, Crane earned total revenues of $1,980,000 and incurred total expenses (except income taxes) of $1,190,000. Crane's income tax rate is 32%.
What was the par value and number of? shares : Before a 4-1 stock? split, the shares outstanding were 7,000 shares at $24 par. After the? split, what was the par value and number of? shares?

Reviews

Write a Review

Financial Management Questions & Answers

  What price would be predicted by the duration rule

What price would be predicted by the duration rule? What price would be predicted by the duration-with-convexity rule?

  Bob have to sell to just meet this profit target

How many hot dogs would Bob's have to sell to just meet this profit target?

  What is the npv of decision to keep old machine

Assume the company uses straight-line depreciation. What is the NPV of the decision to keep the old machine?

  How much is future floating rate for the second month period

If spot LIBOR ends up dropping steadily to 2.6%, which counterparty would benefit from having entered the swap?

  What type of title does the buyer obtain

When a contract for sale is signed, what type of title does the buyer obtain?

  What is boeing potential transaction gain or loss

Boeing, Inc. sold airplane to Singapore Airlines for SGD100 million with terms of one-year payment. what is Boeing’s potential transaction loss\gain

  Make your first payment at the beginning of the quarter

Now, confirm your decision from part (a) above by calculating the money in your account under each of these two approaches. Please clearly

  Calculate couchs earnings credit

Calculate Couch’s earnings credit. What collected balance is required to ensure that Couch’s service charges are offset by the earnings credit?

  The implications of current business practices

The objective of the GENA is to encourage you to be informed of changes in the global business environment.

  Determine whether account balances are materially correct

Audits of financial statements are designed to determine whether account balances are materially correct. Assume that your client is a manufacturing company that has the following assets on its balance sheet. Describe a substantive audit procedure th..

  What is the portfolio sharpe ratio

the Market Risk Premium was 8.4 percent, and Joe's portfolio beta was 0.91. Given this information, what is the portfolio's Sharpe Ratio?

  Announcement of the repurchase

FirmOne is ready to launch a new product. what is the share price following the announcement of the repurchase?

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