Solve all problems below

Questions 25 thru 20 refer to Theresa Kearney Corporation whose Income Statement showed Net Income [for book purposes] Before Taxes of $20,000. The tax rate is 25%. [Consider each question as a stand-alone scenario] 25] 25] 27] 29] If Depreciation Expense for tax purposes is $4,000 higher than what was used for book purposes, the entry to record taxes is : A] Income Tax Expense...4,000 Income Tax Payable......4,000 B] Income Tax Expense ..... 4,000 Deferred Tax Asset.......1,000 Income Tax Payable ...... 5,000 C] Di Income Tax Expense ..... 5,000 Income Tax Payable.........5,000 Income Tax Expense ..... 5,000 Deferred Tax Liability.......1,000 Income Tax Payable.........4,000 If book Revenues [correctly] excluded $4,000 of cash collected related to ng year, the entry to record taxes is: Revenue that will be earned in a followi A] Income Tax Expense...5,000 Income Tax Payable......5,000 0] Income Tax Expense ..... 5,000 Income Tax Payable.........6,000 B] Income Tax Expense ..... 5,000 Deferred Tax Asset.......1,000 Income Tax Payable ...... B, 000 Di Income Tax Expense ..... 5,000 Deferred Tax Liability.......2,000 Income Tax Payable.........4,000 If book Revenues included 84,000 that will not be taxable until a following year, the entry to record taxes is: A] Income Tax Expense...4,000 Income Tax Payable ..... 4,000 0] Income Tax Expense ..... 5,000 Income Tax Payable.........5,000 B] Income Tax Expense....4,000 Deferred Tax Asset......1,000 Income Tax Payable ...... 5,000 D] Income Tax Expense ..... 5,000 Deferred Tax Liability.......1,000 Income Tax Payable.........4,000 If the Expenses include 54,000 of items that are permanently deductible for tax purposes, the entry to record taxes Is : A] Income Tax Expense...4,000 0] Income Tax Expense ..... 5,000 Income Tax Payable ..... 4,000 Income Tax Payable.........5,000 B] Income Tax Expense....4,000 D] Income Tax Expense ..... 5,000 Deferred Tax Asset......1,000 Income Tax Payable ...... 5,000 Deferred Tax Liability ..... 1,000 Income Tax Payable.........4,000 Question 11 A full and more than fair insurance on the R-S graph is represented by portion of full insurance line above its intersection with the zero profit line insurance portion of full insurance line below its intersection with the zero profit line insurance triangle above the intersection of zero profit line and full insurance line Or> (pxq) triangle to the left the intersection of zero profit line and full insurance line14. You are asked to conduct an interview of 6 randomly selected employees at your company to answer insurance questions. Use the random digit table starting at line 139 to choose 6 of the following individuals to be interviewed. Agarwal Anderson Baxter Bonds Bowman Castillo Cross Dewald Fernandez Fleming Gates Goel Gomez Hernandez Huang Kim Liao Mourning Naber Peters Pliego Puri Richards Rogers Santiago Shen Vega WangQuestion 3 2 pts Commercial General Liability (CGL) insurance: Q Insures against professional liabilities. O Insures against claims of general negligence. O Insures against natural disasters damaging a project. 0 Insures against worker injuries. Question 4 (1 point) Oral contracts are: O always enforceable O void for fraud sometimes enforceable O always unenforceable Save Question 5 (1 point) Unless the contract specifies otherwise, each of the following contract duties can be delegated except: O A store's duty to deliver a computer to the buyer's house O A surgeon's duty to perform a back operation O A landscape company's duty to clear snow from a parking lot O A repair shop's duty to repair a computer Save 13 3/24/11 8:51 AM Pete agrees to sell two used snowmobiles to Aaron. When Aaron arrives to pick them up, he says, "Where's the trailer they were on when I inspected them?" Pete replies that the trailer wasn't included in their deal. The written contract doesn't say anything about the trailer. If their disagreement winds up in court, the trailer is most likely: D Part of the deal because of the Parol Evidence Rule. O Not part of the deal because of the Statute of Frauds. O Not part of the deal because of the Parol Evidence Rule. O Part of the deal because of the Statute of Frauds. Save