{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-28T03:47:53-04:00", "answer_date": "2024-06-28 03:47:53", "is_docs_available": null, "is_excel_available": null, "is_pdf_available": null, "count_file_available": 0, "main_page": "student_question_view", "question_id": "4234893", "url": "\/study-help\/questions\/thank-you-for-your-help-2-calculate-the-carrying-amount-4234893", "question_creation_date_js": "2024-06-28T03:47:53-04:00", "question_creation_date": "Jun 28, 2024 03:47 AM", "meta_title": "[Solved] Thank you for your help 2. Calculate the | SolutionInn", "meta_description": "Answer of - Thank you for your help 2. Calculate the carrying amount and tax base of the liability in each of the following (1) Cu | SolutionInn", "meta_keywords": "thank,help,2,carrying,amount,tax,base,liability,1,current,liabilities,include", "question_title_h1": "Thank you for your help 2. Calculate the carrying amount and tax base of the liability in each of the following (1) Current liabilities include", "question_title": "Thank you for your help 2. Calculate the carrying amount and tax", "question_title_for_js_snippet": "Thank you for your help 2 Calculate the carrying amount and tax base of the liability in each of the following (1) Current liabilities include accrued wages with a carrying amount of $100 The related expense has already been deducted for tax purposes on an accrued basis, (2) Current liabilities include accrued fines and penalties with a carrying amount of $100 Fines and penalties are not deductible for tax purposes (3) A loan payable has a carrying amount of $100 The repayment of carrying amount of the loan will not give rise to taxable or deductible amounts (4) Current liabilities include interest revenue received in advance, with a carrying amount of $100 The related interest revenue was taxed on a cash basis (5) A foreign currency loan payable has a carrying amount on initial recognition of $100 Subsequently, the carrying amount is reduced to $90 to reflect the change in exchange rates (an unrealized foreign exchange gain) Exchange gains only Insable when they are realized", "question_description": "

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\"image<\/div><\/div><\/div> 2. Calculate the carrying amount and tax base of the liability in each of the following (1) Current liabilities include accrued wages with a carrying amount of $100. The related expense has already been deducted for tax purposes on an accrued basis, (2) Current liabilities include accrued fines and penalties with a carrying amount of $100. Fines and penalties are not deductible for tax purposes. (3) A loan payable has a carrying amount of $100. The repayment of carrying amount of the loan will not give rise to taxable or deductible amounts. (4) Current liabilities include interest revenue received in advance, with a carrying amount of $100. The related interest revenue was taxed on a cash basis. (5) A foreign currency loan payable has a carrying amount on initial recognition of $100. Subsequently, the carrying amount is reduced to $90 to reflect the change in exchange rates (an unrealized foreign exchange gain). Exchange gains only Insable when they are realized", "transcribed_text": "", "related_book": { "title": "Global Strategy", "isbn": "0357512367, 978-0357512364", "edition": "5th Edition", "authors": "Mike W. Peng", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/649592eaa157d_32303.jpg", "uri": "\/textbooks\/global-strategy-5th-edition-9780357512364", "see_more_uri": "" }, "free_related_book": { "isbn": "B0CP4V4LMY", "uri": "\/textbooks\/manifesting-money-miracles-unlocking-the-secrets-to-financial-abundance-1st-edition-979-8870183978-258510", "name": "Manifesting Money Miracles Unlocking The Secrets To Financial Abundance", "edition": "1st Edition" }, "question_posted": "2024-06-28 03:47:53", "see_more_questions_link": "\/study-help\/questions\/business-corporate-finance-2020-July-01", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/for-the-test-of-hypothesis-h0--1000-h1", "description": "For the test of hypothesis H0: = 1,000 H1: 1,000 = .05, = 200 Draw the operating characteristic curve for n = 25, 100, and 200.", "stars": 3 }, { "url": "\/study-help\/coaching-supervision-a-practical-guide-for-supervisees\/ask-some-family-members-and-friends-who-know-very-little-1980160", "description": "Ask some family members and friends (who know very little about work psychology) whether they would hire Julia. 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