User Account

All Pages

What is the related adjusting entry to show the tax rate

Assignment Help Accounting Basics
Reference no: EM131918285

Question - On 1 April 2015, the company rate of income tax changed from 35 % to 30%. At the previous reporting date (30 June 2014) Monty Limited had the following tax balances.

Deferred tax assets $28300

Deferred tax liabilities$17200

What is the related adjusting entry to show the tax rate change on income tax expense?

Reference no: EM131918285

Questions Cloud

Develop skills in conducting electronic data-based searches : Develop your skills in conducting electronic data-based searches relevant to police psychology. Develop your ability in summarizing and paraphrasing information
Determine the amount of food eaten : The purpose of this program is to determine the amount of food eaten by a certain kind of animal. Rather than using one big pile of main
What are the potential ethical and professional implications : What are the roles of a forensic mental health professional on a hostage negotiation team? What are the potential ethical and professional implications?
What is the balance in the allowance for sales returns : The balance in the allowance for sales returns account at the beginning of 2015 was $24,000. What is the balance in the allowance for sales returns account
What is the related adjusting entry to show the tax rate : On 1 April 2015, the company rate of income tax changed from 35 % to 30%. What is the related adjusting entry to show the tax rate change on income tax expense
What were causes and effects of bacon rebellion in virginia : To what extent was colonial America a land of opportunity and/or ordel for settlers? What were the causes and effects of the 1676 Bacon Rebellion in Virginia?
Explain the goals of service delivery planning : Explain the goals of service delivery planning to intervene with child maltreatment (e.g., safety, permanence, and well-being).
Two int variables named myscore and expectedscore : A program stores test scores in two int variables named myScore and expectedScore. Write the C++ code to compare the two scores
Describe the emergence of the american indian movement : Describe the emergence of the American Indian Movement (AIM) and their goals. Describe the goals and significance of the Occupation of Alcatraz.

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