Zimt ag presents its financial statements

Assignment Help Accounting Basics

Reference no: EM131044879

Zimt AG presents its financial statements in accordance with US GAAP. In 2007, Zimt discloses a valuation allowance of $1,101 against total deferred tax assets of $19,201. In 2006, Zimt disclosed a valuation allowance of $1,325 against total deferred tax assets of $17,325. The change in the valuation allowance most likely indicates that Zimt's:

A. deferred tax liabilities were reduced in 2007.
B. expectations of future earning power has increased.
C. expectations of future earning power has decreased.

Reference no: EM131044879

Questions Cloud

What are the options market value and price of the stock : The exercise price on one of Flanagan Company's options is $14, its exercise value is $23, and its time value is $7. What are the option's market value?$ What is the price of the stock? $ What is the exercise value of the call option? $ What is the o..

Develop scope statement for project-earned value management : Create an Earned Value Management System (EVMS) for a project using the following info below: Choose a project in an organization. Develop a Scope statement for the project and lost major requirements. Selected an Earned Value Method for each listed ..

What do they say about the health of the project : Estimate the variances. What do they say about the health of the project? Reestimate with an actual cost to date of $750,000

Organisational chart to reflect organizational structure : SIT374/764 Project Management - Develop a project charter using template available in the template folder outlining the purpose, background, justification, definitions and abbreviations, and objectives.

Zimt ag presents its financial statements : Zimt AG presents its financial statements in accordance with US GAAP. In 2007, Zimt discloses a valuation allowance of $1,101 against total deferred tax assets of $19,201. In 2006, Zimt disclosed a valuation allowance of $1,325 against total defer..

How much must he put into that fund today : John’s son will be going to college in 8 years. John want’s to have a fund that will provide him $12,000 per year (end of year) for each of his son’s five years in college. How much must he put into that fund today if the fund will earn 12 percent in..

Decided to borrow money by issuing perpetual bonds : Illinois Industries has decided to borrow money by issuing perpetual bonds with a coupon rate of 9.0 percent, payable annually. The one-year interest rate is 9.0 percent. What will the market value of these bonds be if they are noncallable? What will..

The components of the provision for income taxes : The components of earnings before income taxes are as follows ($ thousands):

Carefully monitor the integration phase : Your own in-house staff will be responsible for integration and quality control. Because the software and the PBC are contract items, you must carefully monitor the integration phase.

User Account

All Pages