### What circumstances lead to the recording of a deferred tax

Assignment Help Accounting Basics
##### Reference no: EM13138284

what circumstances lead to the recording of a deferred tax asset?

a-a deferred tax asset results when a transaction results in a difference that causes financial income to be less than taxable income.

b-deferred tax asset results when a transaction results in a difference that causes taxable income to be less than financial income.

c-a deferred tax asset results when a transation reverses a difference causing financial income to be less than taxable income.

d a deferred tax asset results when a transaction reverses a difference causing taxable income to be less than financial income

#### Questions Cloud

 What is the decision rule for mortgage on a motel : At the 0.01 level, is the bank loan financially sound (should the bank ask for additional collateral)? What is the decision rule? Calculate the energy lost : calculate the energy lost when 75.0 g of water cools from 86.4 degrees celcius to 2.1 degrees celcius Electrical and instrumentation use : Electrical & Instrumentation Use, State typical values for the loading effect on a low voltage AC circuit containing a lamp when measuring current with Capital improvements : Explain the difference between capital improvements compared to Repairs and Maintenance, giving consideration to a taxpayer who owns a rental property. What circumstances lead to the recording of a deferred tax : what circumstances lead to the recording of a deferred tax asset. Internal rate of return and payback period : Annual cash savings from the purchase of the machine will be \$20,000. Compute the internal rate of return and payback period. What is the average thickness of the sheet : If a 1.22 g piece of gold is hammered into a sheet whose area is 32.4 ft2, what is the average thickness of the sheet? (The density of gold is 19.32 g cm-3.) What is the amount of amortization expense : Day Company purchased a patent on January 1, 2010 for \$360,000. The patent had a remaining useful life of 10 year at that date. In January of 2011, Day successfully defends the patent at a cost of \$162,000, extending the patent's life to 12/31/22... Aanalyze how your norganization uses self-directed teams : A analyze how yournorganization uses self-directed teams. What are the benefits or limitations that these teams bring to the organization? If your organization does not use self-directed teams, discuss what benefit(s) it could gain by doing so.

### Write a Review

#### Absorption costing-flexible budget for signet jewelers

Prepare a flexible budget for next year for Signet Jewelers using three different growth rates (assume absorption costing). Explain how you determined the three growth rates to use (the low, the average, the high). Explain how you adjusted all other ..

#### Actual cash received from cash sales

The actual cash received from cash sales was \$11,279, and the amount indicated by the cash register total was \$11,256.

#### Activity-based costing problem

The company produces two products, Gert and Mill. Gert requires 60,000 machine hours and 20,000 direct labor hours, while Mill requires 40,000 machine hours and 30,000 direct labor hours. Using activity-based costing, machining costs assigned to e..

#### Communications between predecessor and prospective auditors

Assume that Smith & Smith CPAs audited Apollo shoes. Inc last year Now CEO Larry Lancaster wishes to engage Anderson, Olds, and Watershed, CPAs (HOW) to audit its annual financial statements.

#### What is the required return using capm

If the expected value of the size factor is 4% and the expected value of the book-to-market factor is 5%, then what is the required return using the Fama-French three-factor model? (Assume that ai=0.0.) What is the required return using CAPM?

#### Role of financial institutions or derivative

Provide an example of financial institutions, and state what role they play in securities markets.

#### Discuss the below quotation

BUACC2606 Financial Accounting,  Discuss the above quotation, particularly as it applies to non-current assets. Do you consider Chamber's assertion is justified?

#### Real rate of return on the investment

Suppose you bought an 8 percent coupond bond one year ago for 1090. the bond sells for 1056 today. If the inflation rate last year was 3 percent, what was your total real rate of return on the investment?

#### Prepare journal entries for gardener corporation

The following is a list of transactions entered into during the first month of operations of Gardener Corporation, a new landscape service. Prepare in journal form the entry to record each transaction.

#### Compute the break-even point expressed in total revenue

St. Joseph hospital has overall variable costs of 30% of total revenue and fixed costs of 42 million per year. Compute the break-even point expressed in total revenue.

#### Differences-nol-allocation methods and taxes

What are the permanent and temporary differences? What is NOL? Why does it occur? What are the allocation methods? What are the deferred tax assets and deferred tax liability?

#### Plums software sales

John and jean own 80 percent and 20 percent respectively, of palm Corporation stock. Thanks to their hard work, Plum's software sales have sky rocketed. In its first year of operation plum's earning were minimal, but four years later, Plum grossed..