At the end of the preceding year, world undustries had a deferred tax asset of $17,500,000, attribultable to its only temporary difference of $50,000,000 for estimated expenses. at the end of the current year, the temporary difference is $45,000,000. at the beginning of the year there was no valuation account for the deferred tax asset. at year end, world industries now estimates that it is more likely than not that one-third of the deferred tax asset will never be realized. taxable income is $12,000,000 for the current year and the tax rate is 30% for all years. prepare journal entries to record income tax expense for the current year.

turnover

the amount of money taken by a business in a particular period.

the definition of a small business is an independently owned and operated company that is limited in size and in revenue depending on the industry. a local bakery that employs 10 people is an example of a small business. a manufacturing facility that employees less than 500 people is an example of a small business.

anyone below or above ambitious can tell you. so crowns mean brainliest. getting brainliest means your answer needs a good explanation and the person asking the question can understand your answer easily. so say there's a multiple choice question. you don't just want to say your answer is a, hope it . provide evidence and reasoning so that they know that that is the correct answer. a good explanation should have evidence, good reasoning, and your opinion on why you picked that. you don't want to look up their question on the internet and see if you can answer it. pick questions that you 100% know the answer to, so than that way you can provide a better explanation.

best of luck,

the divergent