What is the deferred tax asset or liability at the end yr, Financial Management

AB Corp expensed on the financial stmt $2,000,000 for depreciation expense during the year using straight line depreciation and deducted $3,000,000 of depreciation on the tax return. Also, corp. expensed $1,000,000 of warranty expense using an estimate of work to be done on current year''s sales but deducted on the tax return on $600,000. The corp. tax rate is 30%. What is the deferred tax asset or liability?
Posted Date: 10/12/2012 1:23:50 AM | Location : United States







Related Discussions:- What is the deferred tax asset or liability at the end yr, Assignment Help, Ask Question on What is the deferred tax asset or liability at the end yr, Get Answer, Expert's Help, What is the deferred tax asset or liability at the end yr Discussions

Write discussion on What is the deferred tax asset or liability at the end yr
Your posts are moderated
Related Questions
The potato chip industry in the Northwest in 2007 was competitively structured and in long-run competitive equilibrium; firms were earning a normal rate of return and were competin

Question: Cinderella invests the following sums of money in common stocks having the expected returns as detailed below: (a) What is the expected return of Cinderella's por

Leveraged Buyout (LBO) Acquisition of an organization through the accumulation of 70 % or more of the organizations total capitalized debt.

The Donut Shop, Inc. is planning to add a 2nd Donut Shop by opening a new store across from Webster University. A survey of the area has already been completed at a cost of $150,00

MARGINAL ANALYSIS It is difficult to develop the conditional profit table when there are a large number of scenarios and possible actions. The marginal analysis approach sides

Role of Sponsor In the establishment of mutual fund trust, the main role is played by the sponsors. Both the trustees and the fund managers or the asset management company have

Significant Performance Indicators   Following are the most commonly used performance indicators used to assess the financial, and general health of any company:   Gro

What is behind the wave of mergers in the banking industry? A: Various economic factors have caused banking institutions to merge over the past various years. These factors inclu

a) Product portfolio refers to the diversity of the different product lines produced by a business. In this case, Mattel's product portfolio includes: board games, toy cars, cuddly

To value an option-free bond, we must determine the on-the-run yield curve for the particular issuer whose bond we have to value. This on-the-run yield curve used