What Is the Journal Entry Required to Recognize a Deferred

question 7

Multiple Choice

What is the journal entry required to recognize a deferred tax asset of $50,000?

• A) Dr. Deferred Tax Asset $50,000, Cr. Income Tax Benefit $50,000
• B) Dr. Deferred Tax Asset $50,000, Cr. Equity $50,000
• C) Dr. Income Tax Expense $50,000, Cr. Deferred Tax Asset $50,000
• D) Dr. Deferred Tax Asset $50,000, Cr. Deferred Tax Liability $50,000

Understand the characteristics and implications of the gig economy in the context of organizational behavior and control.

Understand the structure and functions of eukaryotic cell components.

Describe cell membrane dynamics including transport mechanisms and permeability.

Explain the importance and characteristics of biofilms in bacteria.

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Definitions:

Consumption

The use of goods and services by households or individuals, often considered in terms of the total amount consumed in an economy.

Allocation of Resources

The process of distributing available resources among various uses to satisfy the needs and wants of the society.

Taxes

Financial charges imposed by a government on individuals, businesses, or other entities to fund public spending and various services.

Prices

The monetary value assigned to goods and services in a market, determining the exchange rate in transactions.