The following facts relate to Bramble Corporation. 1. Deferred tax liability, January 1, 2020, $34,200.
2. Deferred tax asset, January 1, 2020, $11,400.
3. Taxable income for 2020, $119,700.
4. Cumulative temporary difference at December 31, 2020, giving rise to future taxable amounts, $262,200.
5. Cumulative temporary difference at December 31, 2020, giving rise to future deductible amounts, $108,300.
6. Tax rate for all years, 20%. No permanent differences exist.
7. The company is expected to operate profitably in the future.

Required:
a. Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2020.
b. Compute the amount of pretax financial income for 2020.

Spirula trading inc sublets a part of its offices building to jade inc. for a period of ten years . where will the company disclose this information?

Suppose that: 1. malaysia requires 1 hour of labor to produce 1 pound of rice and 2 hours of labor to produce 1 pencil; 2. indonesia requires 2 hours of labor to produce 1 pound of rice and 4 hours of labor to produce 1 pencil; 3. each country has 10,000 hours of labor to allocate between the production of rice and pencils; and 4. in autarky, malaysia consumes 5,000 pounds of rice and 2,500 pencils. which country has an absolute advantage in rice production? in pencil production? which country has a comparative advantage in rice production? in pencil production? will trade between the two countries be mutually beneficial?

Galwaysc electronics makes two products. model a requires component a and component c. model b requires component b and component c. new versions of both models are released each year with updated versions of all components. all components are sourced overseas, and abc contracts annually for a quantity of each component before seeing that year’s demand. components are only assembled into finished products once demand for each model is known. for the coming year, alwaysc’s purchasing manner has proposed ordering 500,000 units of component a, 630,000 of component b, and 1,000,000 units of component c. her boss has asked why she has recommended purchasing so much of components a and b when alwaysc will not have enough of component c to fully use all of the inventory of a and b. what factors might the purchasing manager cite to explain her recommended order? explain your reasoning.