Why company tax rate is always different from company accounting income?

Q: In which situation does the tax depreciation allow the firms to defer paying income taxes?

A: Deferment of income tax liability is also called as Deferred Tax Liability. It means tax liability…

Q: hen financial income is higher than taxable income and no permanent differences, the company most…

A: Solution Concept Deferred tax asset or deferred tax liabilities shall be recognized when there is…

Q: Account for corporate income taxes; explain the effects of these taxes onbefore-tax profits and…

A: Corporate income taxes are taxes paid by companies on their income

Q: Which business enterprises pay untaxed profits to owners/partners who then pay the taxes on their…

A: Profits are referred to as the gains which a business earns when it sells the good or provides the…

Q: To calculate the company's income tax expense for the current period, it is necessary to know:…

A: The income tax expense is calculated on net Income

Q: Is the income tax expense shown in the income statement same as the income tax paid shown in the…

A: Cash Flow Statement: Cash Flow Statement is a fundamental financial statement that renders valuable…

Q: How to Determine Corporate Taxes

A: Corporate taxes are the source of income for the government or the nation which is imposed by the…

Q: evaluate the impact of tax rate changes on a company’s fi nancial statements and ratios;

A: Changes to the income tax rate can significantly impact a company’s financial statements and the…

Q: explain two rationale for changing basis period by companies from tax perspectives

A: Changing the basis period of companies is the change in the accounting date of the company which…

Q: What is the controlling interest percentage for a business combination tax return? what does a…

A: Hey, since there are multiple questions posted, we will answer first question. If you want any…

Q: similarities between income taxation and business taxation?

A: Income taxation and business taxation are terms used related to taxation.

Q: What is E&P and how is it different than a company's net income?

A: Earnings and profits (E&P) are a company's ability to pay dividends to its shareholders. Many…

Q: Why is the income tax payable not the same as income tax expense?  Why is the income tax expense…

A: Hey, since there are multiple questions posted, we will answer three question. If you want any…

Q: Income tax expense reported on a company’s income statement equals taxes payable, plusthe net…

A: Income statement: The financial statement which reports revenues and expenses from business…

Q: What does the Miller model with personal and corporate taxes implyabout value relative to the MM…

A: Answer: The Modigliani and miller approach states that, aside from the risk inherent in the project,…

Q: What is the impact of deferred annuities in consideration to business matter?

A: The legal contract between any entity and an insurance company is a deferred annuity contract. The…

Q: When analyzing a company's financial report, what are the most likely indicators that a company is…

A: A tax is a financial charge imposed by government. It is a source of income for the governments to…

Q: What is the sales tax? Is it an expense or a liability?

A: Sales tax is the tax on sales which is levied by the government. However, sales tax is an indirect…

Q: How are deferred taxes calculated? What determines if the company has a deferred asset or a deferred…

A: Deferred tax is a fictitious asset or liability that reflects company income taxation on a premise…

Q: EBITD is equivalent to profits after taxes. true or false?

A: EBITDA is the earnings before interest tax depreciation and amortization.

Q: Is the income tax expense shown in the income statement same as the income tax paid shown in the…

A:

Q: a. What is the cost of equity of each companies? b. What is the after tax cost of debt of each…

A: The Cost of equity: The required rate of returns that shareholders expect from holding a company's…

Q: Explain how earnings management from an informational perspective differs from the true income…

A: Earning management means to make the financial statements of the entity with the help of those…

Q: What major trends in taxation income sources will have an impact on the firm? What action has the…

A: The taxation income is the income on which the company or the recipient of the income have to pay…

Q: what the difference between accounting income and economic income?

A: Accounting income can be defined as an estimate of the performance in the operations of the company.…

Q: why the tax expense show in the income statement are different from tax paid in cash flow statement

A: Tax:   It is a compulsory payment imposed on individuals or entities on the basis of their income…

Q: Explain the effect on the company's financial statements if a company switches from the historical…

A: A historical method is the accounting principle method in which the asset is recorded at the…

Q: when multiplying companys tax rate with any firms accounting income , the result is always different…

A: The accounting income of the firm is always computed as per accrual method of accounting. The income…

Q: Contribution income statements vary from typical income statements in that they take the company's…

A: The question is about contribution income statements vary from typical income statements

Q: l financing affects tax liability

A: Step 1 Debt financing is well regulated under U.S. tax law. Businesses can deduct interest payments…

Q: Why is it critical for employers to properly arrange their employees' taxes

A: Introduction :  Withholding taxes are collected and sent to the Internal Revenue Service (IRS) by…

Q: This revenue taxes deducted from an employee's gross salary is a cost to the company. is it true or…

A: The expenses are the costs incurred to earn the revenue for the business and liabilities are the…

Q: Why there is a difference among the company tax rate times with the firm’s accounting income?…

A: In accrual accounting, an expense that arises from the recognition of a liability must be measured…

Q: Is input tax and output tax shown on the accounting worksheet?

A: 1. Input Tax - Input Tax is a tax on the purchase of the goods or expenses incurred. 2. Output Tax -…

Q: Corporate taxable income is based on an income statement that is similar to income statements…

A: Taxable income is the measurement of income which is used to calculate the amount of tax that needs…

Q: EBIT is equivalent to profits after taxes. true or false?

A: EBIT is the earnings before interest and tax.

Q: ages for cost of inve gal business mbling activities

A: Gross Income - It is the total income from all sources i.e. business or services, returns,…

Q: FIFO and weighted average.  But what if a company wants to use LIFO to report its inventory because…

A: Introduction Dollar value of LIFO is an accounting method for valuation of inventory, this method…

Q: What is the difference between a contribution income statement and a traditional income statement?…

A: Contribution Income Statement and Traditional Income Statement both are used to ascertain the…

Q: What is NOPAT (net operating profit after taxes)?

A: The income generated by a business in the course of normal operations, after deducting the direct…

Q: Which of the following would not affect a company's net income?

A: Note as more than one question is posted i am providing you answer for question 1. Net income is…

Q: What is “comprehensive income”? Its composition varies from company to company but may include which…

A: Comprehensive income: The total of net income and other comprehensive income (OCI) is referred to as…

Q: Is the tax expense of a firm in its financial statements same as the company tax rate times of a…

A: Tax expense is the total of all the taxes that a company is responsible to pay to the authorities.…