Solution-What amount of deferred tax liability should be

What amount of deferred tax liability should be reported

Reference no: EM131808943

Question - Oxford Corporation began operations in 2012 and reported pretax financial income of $225,000 for the year. Oxford's tax depreciation exceeded its book depreciation by $40,000. Oxford's tax rate for 2012 and years thereafter is 30%. In its December 31, 2012, balance sheet, what amount of deferred tax liability should be reported?

Reference no: EM131808943

Questions Cloud

Balancing has just been used to solve product layout problem : Assembly line balancing has just been used to solve a product layout problem.

Find the correlation between maturity and return : Table compares short-term bond funds, showing the average maturity (in years until the fund's bonds mature) and the rate of return as a percentage.

Construct a choice table for interest rates : *At maturity the bondholder receives the last interest payment plus the bond's stated value. (a) Construct a choice table for interest rates from 0% to 100%.

Many homebuilders are moving to different layout : Many homebuilders are moving to a different layout form and about one-third of all new homes as now built using this new form.

What amount of deferred tax liability should be reported : Oxford's tax rate for 2012 and years thereafter is 30%. In its December 31, 2012, balance sheet, what amount of deferred tax liability should be reported

Develop a choice table for interest rates : (a) Develop a choice table for interest rates from 0% to 25%. (b) If the highway department's interest rate is 6%, which specification is preferred?

Produce wide number of options for products at low cost : In an affluent society, how do we produce a wide number of options for products at low cost?

Find the standard error of the slope coefficient : Find the expected production and the residual value for the first data pair. Interpret both of these values in business terms.

Develop a choice table for interest rates : (a) Develop a choice table for interest rates from 0% to 50%. (b) George's interest rate on his credit card is 20%. What should he do?

Reviews

Write a Review

Required(*) Message

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?

Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

Accounting problems

Accounting problems, Draw a detailed timeline incorporating the dividends, calculate the exact Payback Period b) the discounted Payback Period. the IRR, the NPV, the Profitability Index.

Theory of interest - term structure of interest rates

Term Structure of Interest Rates

Write a report on internal controls

Write a report on Internal Controls

Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

Liquidity and profitability

Distinguish between liquidity and profitability.

What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

User Account

All Pages

What amount of deferred tax liability should be reported

Reference no: EM131808943

Reference no: EM131808943

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT