psychocatgirl1
07.04.2020 •
Business
Pharoah Co. at the end of 2020, its first year of operations, prepared a reconciliation between pretax financial income and taxable income as follows:
Pretax financial income $960000
Estimated litigation expense 2600000
Installment sales (2080000)
Taxable income $1480000
The estimated litigation expense of $2600000 will be deductible in 2022 when it is expected to be paid. The gross profit from the installment sales will be realized in the amount of $1040000 in each of the next two years. The estimated liability for litigation is classified as noncurrent and the installment accounts receivable are classified as $1040000 current and $1040000 noncurrent. The income tax rate is 20% for all years. The income tax expense is:
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Ответ:
Income tax expenses $192,000
Explanation:
TD or PD Future taxable Tax Rate
(Deductible)
Litigation $2,600,000 20%
Installment ($2,080,000) 20%
Deferred Tax
Asset Liability
($520,000) $416,000
Income Tax expenses =$960,000 × 20%
=$ 192,000
Ответ:
18900 watt-hours
Step-by-step explanation:
3600 x 24 (hours in a day) = 150
150 x 6 (hours) = 900
3600 (watt hours per day) x 5 (days) = 18000
18000 x 900 = 18900
total= 18900