At December 31, 2019, Hillyard Ltd. has a deferred tax asset of 200,000. After a careful review
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (5 reviews)
Income Tax...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
Question Posted:
Students also viewed these Managerial Accounting questions
-
At December 31, 2008, Stargate Corporation has a deferred tax asset of $200,000. After a careful review of all available evidence, it is determined that it is more likely than not that $80,000 of...
-
At December 31, 2014, Aminder Corporation has a deferred tax asset of $340,000. After a careful review of all available evidence, it is determined that it is more likely than not that $70,000 of this...
-
At December 31, 2017, Tapper Corporation has a deferred tax asset of $420,000. After a careful review of all available evidence, it is determined that it is more likely than not that $85,000 of this...
-
Is Madisons response regarding the factors that affect short-term and long-term rate volatility correct? A. Yes B. No, she is incorrect regarding factors linked to long-term rate volatility C. No,...
-
A slender rod AB of mass m is attached to two blocks A and B which can move freely in the guides shown. Knowing that the spring is unstretched when y = 0, determine the value of y corresponding to...
-
a. Some Saskatchewan licence plates have three letters and three numbers. How many licence plates of this type can there be? b. Some Ontario licence plates have four letters and three numbers. How...
-
Discuss the types of discrimination that occur in the workplace.
-
The file P10_67.xlsx contains hypothetical starting salaries for MBA students directly after graduation. The file also lists their years of experience prior to the MBA program and their class rank in...
-
Given the importance of network security, describe the key features that a network security policy should include, as well as procedures that should be included. a)Given the importance of network...
-
solve x+x-x+5=0 x+2x-4=0 z-2z+1=0
-
At December 31, 2018, Percheron Inc. had a deferred tax asset of $30,000. At December 31, 2019, the deferred tax asset is $59,000. The company's 2019 current tax expense is $61,000. What amount...
-
Mitchell Corporation had income before income taxes of $195,000 in 2019. Mitchell's current income tax expense is $48,000 and deferred income tax expense is $30,000. Prepare Mitchell's 2019 income...
-
What are the seven phases in the development of TQM?
-
Agent Arlene devised the following method of measuring the muzzle velocity of a rifle (the figure below). She fires a bullet into a 4.253-kg wooden block resting on a smooth surface, and attached to...
-
The loan estimate and closing disclosure MUST be used for: Federally related mortgages and federally insured mortgages All loans where an MLO is involved Loans from any state institution All loans
-
Iterative Design Examples: Y=3X+C HOMEWORK * For implementing the equation Y=3X+C, where C is a constant, this should follow the same principle as the constant C should be connected to the first cell...
-
The density of marble is about 2.71 g/cm. Determine the mass (in lbs) of a piece of marble countertop with dimensions 135 cm x 75 cm x 3.2 cm. 1 lb = 453.6 g. You can assume the shape is a...
-
4. Sloan and Lyra are both avid gamers, and they both have an annual budget of $360 to spend on video games. There are two kinds of video game, those sponsored by an organization called Mega Games...
-
Krol Crop. distributed marketable securities in redemption of its stock in a complete liquidation. On the date of distribution, these securities had a basis of $100,000 and a fair market value of...
-
Solve each problem. Find the coordinates of the points of intersection of the line y = 2 and the circle with center at (4, 5) and radius 4.
-
Neilson Corp. reported $145,000 of net income for 2014. In preparing the statement of cash flows, the accountant noted several items that might affect cash flows from operating activities. 1. During...
-
MFI Holdings Inc. follows IFRS and applies the FV-OCI model without recycling. MFI's statement of financial position contained the following comparative data at December 31: At December 31, 2014, the...
-
Papadopoulos Limited (PL) sells retail merchandise in Canada. The company was incorporated last year and is now in its second year of operations. PL is owned and operated by the Papadopoulos family,...
-
1. Refer to the graph provided. Price, cost of unit $15- 9 MC ATC MR = P = D a. At what level of output does the firm maximize profit? Explain how you know. b. At the profit-maximizing quantity of...
-
A bond issued 10 years ago had a face value of $2,000; a coupon rate of 5%; and a yield of 6% when it was sold last month in the secondary bond market. At what price did the bond sell in the...
-
What are the assertions affected by the earlier list on what could go wrong in the post to the general journal process? The assertions to use are Completeness Existence/Occurrence Presentation and...
Study smarter with the SolutionInn App