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Whispering Winds Corporation purchased equipment very late in 2020. Based on generous capital cost allowance rates provided in the Income Tax Act, Whispering Winds Corporation claimed CCA on its 2020 tax return but did not record any depreciation because the equipment was being tested. This temporary difference will reverse and cause taxable amounts of $35,100 in 2021, $36,300 in 2022, and $44,300 in 2023. Whispering Winds's accounting income for 2020 is $249,400 and $209,400 in each of 2021 and 2022, and the tax rate is 30% for all years. There are no deferred tax accounts at the beginning of 2020.
Problem 1: Calculate the deferred tax balances at December 31, 2021 and 2022.
Problem 2: Calculate taxable income and income tax payable for 2021 and 2022.
Problem 3: Prepare the journal entries to record income taxes for 2021 and 2022.
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
Accounting problems, Draw a detailed timeline incorporating the dividends, calculate the exact Payback Period b) the discounted Payback Period. the IRR, the NPV, the Profitability Index.
Term Structure of Interest Rates
Write a report on Internal Controls
Prepare the bank reconciliation for company.
Create a cost-benefit analysis to evaluate the project
Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR
Distinguish between liquidity and profitability.
Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.
Simple Interest, Compound interest, discount rate, force of interest, AV, PV
CAPM and Venture Capital
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