Deferred Tax Assets There are a few accounting differences between tax (IRS) accounting and US GAAP accounting. Some differences cause deferred tax asset which is a future tax benefit. For example‚ say a firm currently is offering a special onetime 2-year warranty when a customer purchases its product. The firm estimates that over a 2-year period it is likely to spend a total of $200‚000 in warranty repairs. The following presents the reported income for this 2-year period using US GAAP rules:
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Whatever Happens‚ Happens for the Best Once upon a time there was an old man called Bob‚ who lived alone in a village. He would go about his business alone‚ even in his old age. He was a nice‚ friendly man who was liked by all the people in the village. Bob had only one son and he moved to a school far away from the village. Many people in the village always felt sorry for Bob‚ they knew he must be lonely. The villagers would always ask Bob if his son would ever return. To all of them‚ Bob would
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What Happens After High School? After completing the survey for my economics course it gave me a career field that I should consider joining based off of my answers to the survey. The field I was given was investigative. I agree with choice because I love to solve puzzles and work with things that makes me have to think to figure it out. Also‚ the investigative field is a good fit for me because the jobs that are involved in this field involve math which is one of my favorite subjects whether it
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What Dreams are Made of Since the beginning of time‚ dreams have been a mysterious wonder amongst humans. Everyone has dreams‚ and people who say they do not in fact do‚ but just don’t remember their dreams or recall the information that was in them. A person spends somewhere around six years of their life dreaming‚ which is about 2‚100 days in a dream world (dreamfacts). A lot of people often have weird and unexplained dreams that they usually just overlook‚ or don’t remember‚ but research is
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dependent on China. So far the Asian country has the biggest IT export share world-wide‚ Earth’s third largest trader‚ second largest economy in PP GDP. Therefore‚ a would-be failure of their market will affect the global economy in a dramatic way. What would be the exact consequences from this downfall‚ we are going to evaluate using the PEST model in the following paragraphs. Political aspect – On the political stage everything
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What happens to a bill? There are 430 people who work extremely hard to make the laws that people follow each day. There are three different branches in the government the legislative‚ executive and judicial to make sure one branch did not get too much power many years ago checks and balances. “With checks and balances‚ each of the three branches of government can limit the powers of the others. This way‚ no one branch becomes too powerful.” (Fact monster link) Checks balances give specific things
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6 Things That Happen To Your Body Postpartum You’ve done your fair share of obsessive research and know what you’re getting yourself and your hooha into and it’s all worth it because baby will be here soon! Here’s the next chapter- the postpartum phase- the kind of stuff nobody talks about because‚ well‚ it’s pretty scarring and and a little gross. 1. Stitches Down Under: You may already know that episiotomies aren’t a routine procedure‚ but even if you aren’t the receiver of an incision you might
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Today I will inform my audience of the history of Alzheimer’s ‚ what happens to the brain in alzheimers disease; the stages as well as treatment. Alzheimer’s disease is an irreversible‚ progressive brain disease that slowly destroys memory and thinking skills and‚ eventually even the ability to carry out the simplest tasks of daily living. In most people with Alzheimer’s‚ symptoms first appear after age 60 but it can precent itself sooner. Alzheimer’s disease is the most common cause of dementia
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because he or she was looking forward for something big to happen but never did happen. For example‚ the parents who had lied to their kids about Santa Claus who supposed to comes on Christmas Eve to dropped presents off to the good kids. Many kids are very curious of what Santa look like‚ so they will stay up all night and wait to see him. After the kids don’t see Santa the child will lose hope and stop believing. This is similar of what happen in the “Salvation” short story of Langston Hughes. Langston
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Case studies ‘Julie‚’ the mother of ‘Harry’ - a child with a learning disability‚ also believed Harry had Autistic Spectrum Disorder (ASD). The educational psychologist from the Health and Social Care Trust did not agree. Julie was convinced that Harry showed signs of ASD and this was affecting his performance at school‚ so she went privately to a doctor for a second opinion. He diagnosed ASD. Julie subsequently sought reasonable adjustments to be made for Harry at the school. However‚ the Education
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