Pro forma income statements are primarily based on forecasted sales and assumed relationships related to sales
Indicate whether the statement is true or false
TRUE
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On January 1, 2018, Sun Company's balance sheet reported a deferred tax liability of $185,000 and a deferred tax asset of $99,900. The future taxable amounts that existed as of January 1, 2018, will reverse equally over the next four years beginning in 2018, while the future deductible amounts that existed as of January 1, 2018, will reverse equally over the next three years beginning in 2018. The enacted income tax rate for all tax years as of January 1, 2018, was 37%. On February 1, 2018 the tax laws were amended resulting in income tax rates of 38% for 2018 and 2019; the income tax rate will be 40% for tax years 2020 and later.Requirement:Prepare the journal entry on February 1, 2018 to record the impact of the amended income tax rates.
What will be an ideal response?
The ________ has the authority for certifying or decertifying a union through an election.
A. Selective Service System (SSS) B. National Labor Relations Board (NLRB) C. American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) D. Federal Trade Commission (FTC) E. Small Business Association (SBA)
Calculate the residual income of Sousa Corporation.
Sousa Corporation provides the following financial? information: Minimum acceptable operating income $556,600 Average total assets $2,600,000 Operating income $715,000 Return on investment 28% Net sales $850,000 A. $435,600 B. $2,043,400 C. $293,400 D. $158,400
Of the five dimensions of service quality, empathy means considering things from a service provider's point of view.
Answer the following statement true (T) or false (F)