g Wrong Co., organized on January 2, 2019, had pretax accounting income of $640,000 and taxable income of $2,080,000 for the year ended December 31, 2019 The only temporary difference is accrued product warranty costs which are expected to be paid as follows: 2019 $480,000 2020 240,000 2021 240,000 2022 480,000 The enacted income tax rates are 40% for 2019, 30% for 2020 through 2021, and 25% for 2022. If Wrong expects taxable income in future years, the deferred tax asset in Wrong's December 31, 2019 balance sheet should be

a naked warrant, also known as a covered warrant, is a derivative that allows the holder to buy or sell a security, such as a bond or share. unlike a normal warrant, it is not attached to a newly issued bond or preferred stock.

unsecured bonds: they are not secured by a specific asset, but rather by "the full faith and credit" of the issuer. in other words, the investor has the issuer's promise to repay but has no claim on specific collateral. debt, such as unsecured bond debt, is said to be “subordinated,” or junior, to secured debt.