subject
Business, 02.03.2020 23:54 brae0

A reconciliation of pretax financial statement income to taxable income is shown below for See Shipping for the year ended December 31, 2021, its first year of operations. The income tax rate is 25%. Pretax accounting income (income statement) $ 600,000 Installment income taxable upon receipt next year (30,000 ) Warranty expense in excess of deductible amount 5,000 Tax depreciation in excess of income statement amount (20,000 ) Taxable income (tax return) $ 555,000 What amount should See report as a noncurrent item related to deferred income taxes in its 2021 balance sheet?

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 10:30
6carla would like to buy a dress, a dresser for her bedroom, and a home theater system. she has one month's worth of living expenses in her emergency fund. carla decides to save for the home theater system. did carla make the right decision? why or why not? a. yes; her emergency fund is full and the other items will probably be less expensive. b. yes; she could save more for her emergency fund, but the home theater will be harder to save for. c. no; she should save more for her emergency fund because she has saved less than the recommended amount. d. no; she should have bought the dress and dresser first because she could afford them right away. reset next
Answers: 2
question
Business, 22.06.2019 18:00
Large public water and sewer companies often become monopolies because they benefit from although the company faces high start-up costs, the firm experiences average production costs as it expands and adds more customers. smaller competitors would experience average costs and would be less
Answers: 1
question
Business, 23.06.2019 00:30
Bruno's pizza restaurant makes full payment of $8,300 on an account payable to stella's cheese co. stella's would record this transaction with a
Answers: 3
question
Business, 23.06.2019 01:30
Lee earns $1,482 of interest in 270 days after making a deposit of $15,200. find the interest rate.
Answers: 1
You know the right answer?
A reconciliation of pretax financial statement income to taxable income is shown below for See Shipp...
Questions
question
Mathematics, 20.08.2020 22:01
question
Mathematics, 20.08.2020 22:01
question
Mathematics, 20.08.2020 22:01
Questions on the website: 13722363