In 2014, Krause Company Accrued, for Financial Statement Reporting, Estimated

question 48

Multiple Choice

In 2014, Krause Company accrued, for financial statement reporting, estimated losses on disposal of unused plant facilities of $2,400,000. The facilities were sold in March 2015 and a $2,400,000 loss was recognized for tax purposes. Also in 2014, Krause paid $100,000 in premiums for a two-year life insurance policy in which the company was the beneficiary. Assuming that the enacted tax rate is 30% in both 2014 and 2015, and that Krause paid $780,000 in income taxes in 2014, the amount reported as net deferred income taxes on Krause's balance sheet at December 31, 2014, should be a

• A) $680,000 asset.
• B) $360,000 asset.
• C) $360,000 liability.
• D) $720,000 asset.

Describe the evolution of civil rights and social justice movements, including the suffrage movement and responses to segregation.

Identify and explain the contributions of notable individuals and groups to progressive causes and reforms.

Distinguish between various progressive reforms aimed at improving social welfare, labor conditions, and conservation efforts.

Examine the influence of progressive politics on the U.S. political system, including elections and policy-making processes.

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Definitions:

Disciplining

The process of teaching and enforcing rules or behaviors, often to correct disobedience or to instill self-control.

Relationships

Social connections between individuals, marked by feelings of affection, respect, or business partnerships.

Physical Punishment

The use of physical force with the intention of causing a child to experience pain, but not injury, for purposes of correction or control.

Fearful

Experiencing fear; feeling apprehensive or anxious.