paolacorazza
27.10.2020 •
Business
Jones Company reported pretax book income of $403,000. Included in the computation were favorable temporary differences of $50,300, unfavorable temporary differences of $20,150, and favorable permanent differences of $40,150. Book equivalent of taxable income is:
Solved
Show answers
More tips
- F Food and Cooking The Most Delicious and Simple Fish in Batter Recipe...
- D Dating, Love, Relationships How Long Can Love Last?...
- A Auto and Moto Mastering One-Movement Parking: All You Need to Know...
- C Computers and Internet How to Properly Order Clothing from International Online Stores...
- H Health and Medicine Headache: A Comprehensive Guide to Treatment...
- F Family and Home How to Choose the Best Diapers for Your Baby?...
- A Auto and Moto Discovering the Leader: What is the Most Expensive Car in the World?...
- F Food and Cooking How to Quickly Put your Child to Sleep?...
- C Computers and Internet How to Create a Website for Free and Easy?...
- F Family and Home Parquet or laminate, which is better?...
Answers on questions: Business
- B Business What is the definition of insurance...
- B Business A credit note for $90 received from J. Sealey has been omitted from the books....
- B Business How decrease in price of dairy cows affects the market of milk ?...
- B Business Which of the following is defined as an organized process for connecting the wants and needs of consumers with the products and services of those who provide them? O marketing...
- B Business Play mincraft education edition with me. my IP is 192.168.1.194 pls join me...
- B Business What device handles access to another network for a client computer if it does not have a better option?...
- B Business An effort to communicate with consumers through wireless handheld devices such as cellular phones is referred to as...
- H Health You notice some children watching the classroom’s pet hamster running in its wheel, so you join in and talk with them about how the hamster runs for exercise. this is an example...
- E English The telephone company charges more for making calls during the day (spot-transfer-transmit-position-gesture-sign-observe-site-peak-remark)...
- M Mathematics Rosa is trying to figure out which units to use to time her 100-meter race. which units should she use? minutes seconds hours kilograms ?...
Ответ:
$362850
Explanation:
First of all it is important that we know this:
The book equivalent of taxable income only takes permanent difference into consideration
Favorable income difference are then reduced from pretax but if they are found to be unfavorable they are added to pretax income.
Jones company have their pretax income to be equal to $403000
The favourable permanent difference is given as $40150
The equivalent of taxable income
= 403000 - 40150
= $362850
This is the answer to the question
Ответ: