User Account

All Pages

What amount should see report as a non-current item

Assignment Help Business Management
Reference no: EM131794756

Problem

 

A reconciliation of pretax financial statement income to taxable income is shown below for See Shipping for the year ended December 31, 2016, its first year of operations. The income tax rate is 40%.

 

Pretax accounting income (income statement)

$600,000

Installment income taxable upon receipt next year

(30,000)

Warranty expense in excess of deductible amount

5,000

Tax depreciation in excess of income statement amount

(20,000)

Taxable income (tax return)

$555,000

 

What amount should See report as a non-current item related to deferred income taxes in its 2016 balance sheet?

Reference no: EM131794756

Questions Cloud

Draw a sequence of trees like those in the text : Draw a sequence of trees like those in the text to illustrate the actions of split to and qui court () while sorting the given list.
How does the fica tax compare to the self-employment tax : How does the FICA tax compare to the self-employment tax? How are these two taxes similar and how do they differ? Give several examples and reasons.
Write a function to implement this double-ended simple sort : The basic operation in the simple selection sort algorithm is to scan a list x1, .. , xn to locate the smallest element and to position it at the beginning.
Explain the npv decision rule : At what discount rate would the company be indifferent between these two projects? (Do not round intermediate calculations.)
What amount should see report as a non-current item : What amount should See report as a non-current item related to deferred income taxes in its 2016 balance sheet?
Design a program that reads a collection of computer : The program should then read two strings representing a user's id and password and then check whether this is a valid user of the computer system.
How much gross profit should charter recognize : Charter Corporation, which began business in 2016. How much gross profit should Charter recognize in 2016 and 2017 from installment sales?
Identify and briefly explain the key audit objectives : ACCT3101 Auditing - Assignment. For each of above transaction class/account balance, you are required to: Identify and briefly explain key audit objectives
Run the program with various values for the tables capacity : Write a program that generates random integers in this range and inserts them into the hash table until a collision occurs.

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd