Business, 12.12.2019 04:31 flowerrbabie
Lance lawn services reports warranty expense by estimating the amount that eventually will be paid to satisfy warranties on its product sales. for tax purposes, the expense is deducted when the cost is incurred. at december 31, 2018, lance has a warranty liability of $1 million and taxable income of $75 million. at december 31, 2017, lance reported a deferred tax asset of $435,000 related to this difference in reporting warranties, its only temporary difference. the enacted tax rate is 40% each year. required: prepare the appropriate journal entry to record lance’s income tax provision for 2018.
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Business, 22.06.2019 11:30
When the amount for land is 36,000 and the amount paid for expenses is 10,000, the balance of total asset is
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Business, 22.06.2019 16:50
In terms of the "great wheel of science", statistics are central to the research process (a) only between the hypothesis phase and the observation phase (b) only between the observation phase and the empirical generalization phase (c) only between the theory phase and the hypothesis phase (d) only between the empirical generalization phase and the theory phase
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Lance lawn services reports warranty expense by estimating the amount that eventually will be paid t...
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