Burnham company collected rent of $3,800 during year 1. for income tax reporting, the rent is taxed when collected. for financial reporting, the rent is recognized as income in the period earned. at the end of year 1, the unearned portion of the rent collected during the year amounted to $440. burnham had no temporary differences at the beginning of the current year. assume an income tax rate of 30%. what is the amount of the deferred tax asset that should be recognized at the end of year 1?

Last week paul, ceo of quality furniture in south carolina, traveled to europe to visit customers. while overseas, paul checked his e-mail daily and showed his company's website to customers, explaining how the website will them place orders and receive merchandise more quickly. after visiting the last customer friday morning, paul was able to return to the corporate office in south carolina to meet with his board of directors that night. is the "shrinking" of time and space with air travel and electronic media.

What has caroline's payment history been like? support your answer with two examples

At the end of year 2, retained earnings for the baker company was $3,550. revenue earned by the company in year 2 was $3,800, expenses paid during the period were $2,000, and dividends paid during the period were $1,400. based on this information alone, retained earnings at the beginning of year 2 was: