Why is the allocation of the income tax expense figure between the members of a business combination important? By what methods can this allocation be made?

Q: business taxation.

A: Business taxation  is about taxing the business. This is a term associated with the normal business…

Q: How is sales tax recorded? Is it considered an expense of a business? Why or why not?

A: Most states levy sales taxes on goods and services. Those states differ on what is taxed and for how…

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: Explain common forms of business ownership—soleproprietorship, partnership, and corporation—and…

A: A form of business that is owned and controlled by an individual and does not have a separate legal…

Q: Define the term Corporate taxable income?

A: Definition: A corporate tax is a type of direct tax that is levied by the state on the income of a…

Q: What is the difference between income which is "realized" and income which is "recognized"?  Which…

A: Financial accounting requires to report all the income and expenses on the books and compute the…

Q: Which of the following is not an income for income tax purposes?

A: Assuming the question related to tax in Phillipines ---…

Q: When an indirect ownership is present, why is a specific ordering necessary for determining the…

A: The specific ordering is necessary for determining the income of the component corporations because…

Q: How do the tax laws and financial accounting standards differ?

A: Financial Reporting:   Financial reporting is the process of disclosing the financial results of the…

Q: Which of the following is not a component of the formula used to distribute profit? * After all…

A: Hi student Since there are multiple questions, we will answer only first question.

Q: or accounting and tax purposes. B. Intraperiod tax allocation is required for the effect of…

A: Option A is incorrect because Intraperiod tax allocation arises because certain temporary difference…

Q: Please concisely explain how the excess investment cost over book value is allocated. When is the…

A: 1. The excess cost of investment over book value can be allocated through the process of…

Q: similarities between income taxation and business taxation?

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

Q: Explain common forms of business ownership—sole proprietorship, partnership, and corporation—and…

A: A sole-proprietorship is one that has one owner who has unlimited liability for the business. A…

Q: Determine the deferred tax consequences for temporary differences generated when a business…

A: Deferred Tax: Deferred tax is an amount i.e. computed on the basis of tax liability on the income…

Q: xplain the benefit approach and ability to pay approach with tax equity. Which approach is…

A: Taxes are the payments made by the individuals and corporation on their earnings. It is a compulsory…

Q: When an indirect ownership is present, why is a specific ordering necessary for determining the…

A: Please find the answer to the above question below:

Q: What’s the difference? Explain to Laura how differences between financial reportingstandards and…

A: Accounting income reported in accordance with financial reporting standards and taxable income under…

Q: ​In which two ways is corporate profits tax similar to the payments to common shareholders (owners)…

A: Shareholders are entitled to share in the company's profits. A corporate tax, also called…

Q: Do you agree with the accounting treatment that Overstock typically applied to the revenues…

A: Revenues include amount of service revenue provided and merchandise goods sold in the market. It is…

Q: Discuss the tax treatment for business and investment expenses.

A: Tax treatments usually explain the procedural computation tax liability of an individual by stating…

Q: what are the differences between basis period of tax that use for the company purpose and for the…

A: Answer: Basis period is defined as the taxable period for which books are finalized and reported to…

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: When is the intra-entity’s profits recognized on transfers between the investor and investee?

A: The period in which intra-entity’s profits recognized on transfers between the investor and investee…

Q: explain the difference between the net income and net income available for common shareholders.

A: Introduction:- i)Net income means as follows under:- Net income means deduction of all expenses…

Q: Which of the following is not a common difference between net business income on the books…

A: * As per Bartleby policy, if question are unrelated then answer first only. As per IRS , business…

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: 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: How does sources of financing affects tax liability of the business? (Focus only one Source of…

A: Corporate funding sources include equity, debt, corporate bonds, retained earnings, term loans,…

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: What are the differences between income taxation and business taxation?

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: How does income taxation differs from transfer and business tax?

A: Income tax is a direct tax that governments impose on income generated by individuals and business…

Q: For purposes of the accumulated earnings tax, earnings can be accumulated for reasonable needs of…

A: An accumulated earnings tax is the tax that is imposed by the government on companies that…

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

A: There is no possible comparison between the corporate tax rate and accounting income directly. The…

Q: What is the difference between tax rates and tax rate structures? How does this notion of…

A: Income tax payable is an obligation for the tax payers to the government on the taxable income.…

Q: What is intraperiod tax allocation and why is it necessary? How is the income tax expense related to…

A: Income tax seems to be the amount of tax collected by the federal government on the earnings of…

Q: How should an associate be accounted for in the consolidated statement of profit or loss? A The…

A: Consolidation Statement- Consolidated Statement refers to the financial statement under which final…

Q: Describe the Economic Service Life with Tax Considerations?

A: Economic service life is the anticipated time over which the average owner will continue to use an…

Q: What form of business pays personal income tax?

A: Income tax, as the name suggests, is calculated on the income of assessee and payable according to…

Q: Which of the following has a different treatment for cash and accrual basis of tax accounting?…

A: Under cash basis accounting, the transactions are recorded when the income is actually received or…