User Account

All Pages

What is necessary journal entry to record nol? carryforward

Assignment Help Accounting Basics
Reference no: EM132819401

Problem 1: Big Bear Sporting Goods opened in 2018. They reported sales revenue of $ 425, 000 and expenses of $ 440, 000. There are no permanent or temporary? differences, so the book loss and taxable loss will be the same. Big Bear plans on carrying forward the net operating loss? (NOL). Assuming a 42% tax? rate, what is the necessary journal entry in 2018 to record the NOL? carryforward?

Reference no: EM132819401

Questions Cloud

What is the annual interest rate on the loan for one year : During this time period, the dollar falls 14 percent against the euro. What is the annual interest rate on the loan for one year
What depreciation expense on the syd basis at the end is : What Depreciation expense on the SYD basis at the end of 2005 is? On January 1, 2005, MB purchased a machine that had a list price of P46,320.
Advantages and disadvantages of the first mover advantage : 1. Explain the following terms briefly with an example: a) segment zero b) network effects c) killer apps d) razor and blade strategy e) disruptive technology f
Pestle and porters 5 forces ineffective in face of crisis : Using academic references, examples and current events, to what extent are research models and tools such as PESTLE and Porters 5 Forces ineffective in the face
What is necessary journal entry to record nol? carryforward : Big Bear plans on carrying forward the net operating loss? (NOL). Assuming a 42% tax? rate, what is necessary journal entry in 2018 to record NOL? carryforward
Why the it organizational structure is an important concept : Note why the IT organizational structure is an important concept to understand. Also, note the role of IT in the overall business strategy.
Why ethic is important in an organization : Explain with include the example where necessary and provide the references on the findings
Development and implementation of a pricing strategy : How can In-depth Interviews assist a manufacturer of a product in the development and implementation of a pricing strategy
Calculate emc estimated value of operations : Calculate EMC's estimated value of operations. EMC Corporation has never paid a dividend. Its current free cash flow of $530,000 is expected

Reviews

Write a Review

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

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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