What Is the Opening Balance of the Deferred Tax Liability

question 14

Multiple Choice

What is the opening balance of the deferred tax liability account considering the rate change?

• A)100,000 credit
• B)160,000 credit
• C)120,000 credit
• D)200,000 credit

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Definitions:

Put-away

The process of moving goods from the receiving area to their designated storage location within a warehouse or distribution center.

Logistics

the process of planning, implementing, and controlling the efficient and effective forward and reverse flow and storage of goods, services, and related information from point of origin to point of consumption.

Supply Chain Management

The active management of supply chain activities to maximize customer value and achieve a sustainable competitive advantage, encompassing everything from production to product delivery.

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.