Young man corporation has temporary differences at december

Assignment Help Accounting Basics
Reference no: EM131108584

1. Young man Corporation has temporary differences at December 31, 2010, that result in the following deferred taxes.

Deferred tax liability-current $38,000
Deferred tax asset-current $(62,000)
Deferred tax liability-noncurrent $96,000
Deferred tax asset-noncurrent $(27,000)

Indicate how these balances would be presented in Youngman's December 31, 2010, balance sheet.

Reference no: EM131108584

Questions Cloud

What is the probability that you will be a magic elf : If you randomly choose your character and tool, what is the probability that you'll be a magic elf?
The strength of the dollar impact imports and exports : What types of products does the US export and what types of products do we import? Why do you think those are the products we export or import? How does the strength of the dollar impact imports and exports?
What is the probability that you will end up : If you randomly pick the plant and the pot, what is the probability that you'll end up with a tulip in a plastic pot?
Calculate the operating cash inflows associated : Calculate the operating cash inflows associated with each lathe. Calculate the incremental (relevant) operating cash inflows resulting from the proposed lathe replacement. Depict on a time line the incremental operating cash inflows calculated in par..
Young man corporation has temporary differences at december : Indicate how these balances would be presented in Youngman's December 31, 2010, balance sheet.
Create an entity-relationship diagram : 1. Create an entity-relationship diagram (ERD) based on the following information. A building contains one or more labs and a lab is contained in one building. A lab contains one or more computers and a computer is contained in one lab.
Discuss both positive and negative aspects of its influence : Writing Prompt: What was the Monroe Doctrine, and what influence did it have? Discuss both positive and negative aspects of its influence
Theory of liquidity preference and market for real money : Use the theory of liquidity preference and the market for real money balances to illustrate graphically the impact of a decrease in income on the equilibrium interest rate. Be sure to label: i. the axes; ii. the curves; iii. the initial equilibrium v..
Distribution report specifications : This first part of your distribution report should be divided into five sections that shouki be 1000-1500 words (4-6 pages excluding figures) in length If this portion is longer that is fine, except that the gradeis may stop reading soon after 1500 w..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Western bank amp trust purchased land and a building for

western bank amp trust purchased land and a building for the lump sum of 3 million dollars. to get the maximum tax

  Synchronized ordering at sleepease

Modify the synchronized ordering model in Example 12.5 slightly so that you can use a two-way Solver Table on the fixed costs. Specifically, enter a formula in cell B9 so that the fixed cost of ordering kings alone is equal to the fixed cost of or..

  Please help explain the tax consequences of acquiring

Please help explain the tax consequences of forming the corporation from the partnership.

  Below is the data showing closing cost for a purchase of a

below is the data showing closing cost for a purchase of a 336000 house requiring a 20 down payment. title insurance

  Order to collaborated over data and information

There are millions of businesses around the world that have come to realize they need to place the importance of allowing computers to access others in order to collaborated over data and information, as well as software. When they choose to netw..

  What amount may tad and mary claim

Assuming Tad attends school for 12 months, what amount may Tad and Mary claim as a child care credit (Ignore the income tax limitation)?

  Discuss whether mr. brocamp violation of corporate ethics

Discuss whether Mr. Brocamp violation of corporate ethics policy affects or reflects the control environment of the company. Since the violation is personal in nature, should Mr. Brocamp have been forced to resign?

  Information relates to bolder corporation for various events

Information relates to Bolder Corporation for various events

  If a company chooses the lifo method of inventory valuation

if a company chooses the lifo method of inventory valuation which inventory will appear as ending inventory on the

  What was the average interest rate on target long term debt

What are the types of debt included in this category?

  Suppose a target income of 10 of average invested assets

abbe company reported the following financial numbers for one of its divisions for the year average total assets of

  Prepare the bank reconciliation

Prepare the bank reconciliation for this company as of April 30. 2. Prepare the journal entries necessary to bring the company's book balance of cash into conformity with the reconciled cash balance as of April 30.

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