Moody Corporation recorded the following deferred tax assets and liabilities: Deferred tax assets related to U.S. operations$500,000 Deferred tax liabilities related to U.S. operations (600,000)Deferred tax assets related to Canadian operations 800,000 Deferred tax liabilities related to European operations (2,000,000)Net deferred tax liabilities$(1,300,000)What will be the balances in the deferred tax asset and deferred tax liability accounts on Moody Corporation's balance sheet?
What will be an ideal response?
Net deferred tax assets of $800,000 and net deferred tax liabilities of $(2,100,000).
ASC 740 allows a company to net deferred tax assets and liabilities if they arise in the same tax jurisdiction. Moody nets the deferred tax assets and liabilities related to U.S. operations to have net deferred tax liabilities of $(100,000), which it adds to the net deferred tax liabilities of $(2,000,000) related to European operations. The net deferred assets of $800,000 related to Canadian operations cannot be netted against the deferred tax liabilities from other jurisdictions.
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Which of the following would not be included in inventory costs?
a. Freight costs incurred by the buyer in shipping inventory to its place of business. b. The cost of insurance taken out during the time that inventory is in transit. c. The cost of storing inventory before it is ready to be sold. d. Shelving to hold the inventory.
Short-term ____________________________ represents a firm's near-term ability to generate cash to service working capital needs and debt service requirements
Fill in the blank(s) with correct word
An error of omission occurs when an entrepreneur:
A. enters a market but overestimates the customer demand. B. decides not to enter a market that is, in fact, desirable. C. fails to understand the limitations of a market. D. develops a product for a market that is too narrow.
List the three categories of pricing objectives and then two specific strategies in each category that a marketer could implement to achieve those objectives.
What will be an ideal response?