subject
Business, 28.05.2021 01:10 Derick21

Pretax accounting income for the year ended December 31, 2021, was $45 million for Truffles Company. Truffles' taxable income was $62 million. This was a result of differences between straight-line depreciation for financial reporting purposes and accelerated depreciation for tax purposes. The enacted tax rate is 20% for 2021 and 30% thereafter. What amount should Truffles report as the current portion of income tax expense for 2021

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 11:10
Robert black, regional manager for ford in texas and oklahoma, faced a dilemma. the ford f-150 pickup truck was the best-selling pickup ever, yet ford's headquarters in detroit had decided to introduce a completely redesigned f-150. how could mr. black sell both trucks at the same time? he still had "old" f-150s in stock. in his advertising, mr. black referred to the new f-150s as follows: "not a better f-150. just the only truck good enough to be the next f-150." this statement represents ford's of the new f-150.
Answers: 2
question
Business, 22.06.2019 20:30
Caleb construction (cc) incurs supervisor salaries expense in the construction of homes. if cc manufactures 100 homes in a year, fixed supervisor salaries will be $400,000. with the current construction supervisors, cc's productive capacity is 150 homes in a year. however, if cc is contracts to build more than 150 homes per year, it will need to hire additional supervisors, which are hired as full-time rather than temporary employees. cc's productive capacity would then become 200 homes per year, and salaries expense would increase to $470,000. how would cc’s salaries expense be properly classified? fixed variable mixed stepped curvilinear
Answers: 3
question
Business, 23.06.2019 07:00
Which of the following are direct employee sources of foodborne disease organisms? a) normal flora b) sick employees c) transient microorganisms d) all of the above
Answers: 1
question
Business, 24.06.2019 04:00
A/an is prepared by studding an onion with a few whole cloves and a bay leaf. a. oignon brûlé b. sachet d'épices c. oignon piqué d. bouquet garni
Answers: 2
You know the right answer?
Pretax accounting income for the year ended December 31, 2021, was $45 million for Truffles Company....
Questions
question
English, 15.07.2021 14:00
question
English, 15.07.2021 14:00
question
Mathematics, 15.07.2021 14:00
question
Physics, 15.07.2021 14:00
question
Mathematics, 15.07.2021 14:00
question
Biology, 15.07.2021 14:00
question
Computers and Technology, 15.07.2021 14:00
question
Mathematics, 15.07.2021 14:00
Questions on the website: 13722361