Why do deferred taxes occur and are there beneits or detriments to them?

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ekkarill92 answered 2 years ago

"Deferred Taxes" Please respond to the following: Are deferred taxes an unfair loophole that must be...

"Deferred Taxes" Please respond to the following: Are deferred taxes an unfair loophole that must be closed? Provide a rationale for your response.

a) Why do increasing returns to scale occur? b)why do decreasing returns to scale occur?

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some people often have difficulty understanding the concept of Deferred Revenues. Deferred Revenues occur when someone...

some people often have difficulty understanding the concept of Deferred Revenues. Deferred Revenues occur when someone pays you to provide a service or good ahead of time. Since you haven’t earned the money yet, you record it as Unearned Revenue, a liability. Once the revenue is ‘earned’ you write-off the liability and recognize revenue. Are there any moral issues involved in accepting money before it is earned? What happens if you fail to provide the service or good to the...

Only do Part 2 Please: Part 2: Scheduling of Deferred Taxes From the information below, prepare...

Only do Part 2 Please: Part 2: Scheduling of Deferred Taxes From the information below, prepare Excel schedules (similar the chapter notes) for 2015 and 2016 to calculate deferred income taxes. Remember, when preparing the 2015 schedule, you do not know about any changes that come about in 2016 (i.e., prepare the 2015 schedule with 2015 information only). Given the following information for Company Z for 2015 (in its first year of calculating deferred income taxes): 1) Company Z has...

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What are the ledgers, why do we use them? And then HOW do we use them, how does information get into them how do balances get extracted. And then what should the balances for various accounts be, i.e. assets, liabilities, expenses, revenues, equity, dividends. Why SHOULD they have a particular balance as either debit or credit.

Would you agree that the deferred taxes are a result of the difference of financial statements...

Would you agree that the deferred taxes are a result of the difference of financial statements shown on the accrual basis and taxes are on the cash basis? What is the difference?

Deferred taxes is a complicated issue and GAAP requires a significant amount of disclosures in the...

Deferred taxes is a complicated issue and GAAP requires a significant amount of disclosures in the footnotes explaining the various pieces. List the required footnote disclosures under GAAP and also state where you found that list in the codification.

Which of the following is NOT an advantage of mutual funds? Diversification Deferred Taxes Easy to...

Which of the following is NOT an advantage of mutual funds? Diversification Deferred Taxes Easy to get started with small amounts of money Professional Management In order to be considered a diversified company under the Investment Company Act of 1940, All of these must be true except _____________. No more than 5% of the funds assets can be invested in a single security The fund can’t own more than 10% of a securities voting stock The fund must be at...

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