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In its first year of operations ( 2 0 2 0 ) , a company reported the following data: a . $ 4 5 ,
In its first year of operations a company reported the following data: a $ received in advance; For GAAP purposes, this was correctly recorded as Unearned Revenue. The performance obligation will be satisfied equally over the next three years b Installment sales of $ in It is expected that $ will be received in and $ in c Book depreciation of $ and tax depreciation of $ Expected to reverse in the following way: i:$ ii:$ iii. : $ iv: $ d $ in tax exempt interest from municipal bonds e Litigation accrual of $ Expected to be paid in g Pretax financial income: $ h Tax rate for : tax rate for : Identify the above items ae as a permanent difference, FDA, or FTA. a b c d e
In its first year of operations a company reported the following data:
a $ received in advance; For GAAP purposes, this was correctly recorded as Unearned Revenue. The
performance obligation will be satisfied equally over the next three years
b Installment sales of $ in It is expected that $ will be received in and $ in
c Book depreciation of $ and tax depreciation of $ Expected to reverse in the following way:
i:$
ii:$
iii. : $
iv: $
d $ in tax exempt interest from municipal bonds
e Litigation accrual of $ Expected to be paid in
g Pretax financial income: $
h Tax rate for : tax rate for :
Identify the above items ae as a permanent difference, FDA, or FTA.
a
b
c
d
e
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