In its first year of operations, Lear Company reported financial statement income (prior to income tax expense) of $100,000 . In the same year, Lear Company reported $80,000 of taxable income, the difference being due to temporary differences. Assuming the enacted tax rate for the current year and all future years is 30%, what is Lear's current year adjustment for deferred income taxes?
a. Debit to Deferred Income Tax Liability for $6,000
b. Debit to Income Tax Expense for $6,000
c. Credit to Income Taxes Payable for $6,000
d. Credit to Deferred Income Tax Liability for $6,000
e. Credit to Income Tax Expense for $6,000
D
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Which of the following journal entries is required to close the Income Summary account of a company with a net loss?
a. Debit Income Summary, credit Capital Stock. b. Debit Income Summary, credit Retained earnings. c. Credit Income Summary, debit Retained earnings. d. Credit Income Summary, debit Dividends.
What is the probability of obtaining an odd number when a fair six-sided die is rolled, P(odd number)?
a. P(odd number) = 3 b. P(odd number) = c. P(odd number) = d. P(odd number) =
Define the four stages in a learning cycle
This type of listening is known as:
Shanti's Workshop Shanti recently went to a communication workshop to help improve her workplace performance. She learned that in effective communication, she should resist forming an opinion until the speaker has finished, then attempt to empathize with the listener, and finally effectively respond to the speaker. She learned techniques regarding maintain eye contact and sending back channel signals to show interest. A. Participative B. Dynamic C. Active D. Evaluative E. Communicatory