For its first year of operations. Tringali Corporation's reconciliation of pretax accounting income to taxable income is as follows: Tringali's tax rate is 25%. Assume that no estimated taxes have been paid. What should Tringali report as its deferred tax liability as of the end of its first year of operations? Multiple Choice $35,400. Information for Hobson Corporation for the current year (\$ in millions): $365 Income from continuing operations before tax 88 Loss on discontinued operation (pretax) Temporary differences (all related to operating income): Accrued warranty expense in excess of expense included in operating income 165 Depreciation deducted on tax return in excess of depreciation expense 19 Permanent differences (all related to operating income): Nondeductible portion of entertainment expense The applicable enacted tax rate for all periods is 25%. How should Hobson report tax on the discontinued operation? Multiple Choice A tax receivable of $22 million in the balance sheet Refer to the following lease amortization schedule. The five payments are made annually starting with the beginning of the lease. A $2,800 purchase option is reasonably certain to be exercised at the end of the five-year lease. The asset has an expected economic life of eight years. Vhat is the effective annual interest rate? lote: Round your answer to the nearest whole percent. December 31, 2023, Reagan Incorporated signed a lease with Silver Leasing Company for some equipment having a seven-year eful life. The lease payments are made by Reagan annually, beginning at signing date. Title does not transfer to the lessee, so the uipment will be returned to the lessor on December 31, 2029. There is no purchase option, and Reagan guarantees a residual value the lessor on termination of the lease. agan's lease amortization schedule appears below: t is the amount of residual value guaranteed by Reagan to the lessor