Twitter is an online news and social networking company. In its 2021 annualreport, the company reported deferred tax assets totaling $398 million. The company also reportedvaluation allowances totaling $200 million. What would motivate Twitter to have a valuation allowancealmost equal to its deferred assets?

A deferred asset is a cost that has occurred but has not yet been reported. It will be reported as…

Twitter is an online news and social networking company. In its 2021 annu ported deferred tax assets totaling $398 million. The company also reporte otaling $200 million. What would motivate Twitter to have a valuation allo erred assets?

Twitter is an online news and social networking company. In its 2021 annu ported deferred tax assets totaling $398 million. The company also reporte otaling $200 million. What would motivate Twitter to have a valuation allo erred assets?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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B13).
The company's equity and results (before tax) for the fiscal year 2021 are € 1,200,000 and € 390,000 respectively. How will these two sizes be formed (answer using a table) if there are the following observations of the statutory auditor: The company had created a provision for staff compensation for the first time with an amount of € 20,800 in 2017 and increased it by € 13,000 in 2020 and by € 3000 in 2021. According to an actuarial study, this provision at the end of the closed financial year 2021 should amount to € 44,800, of which € 33,500 concern the previous years. The company erroneously never depreciated the fixed asset acquired on 01/10/2019, with a purchase value of € 31,000 and a residual value of € 900. The useful life of this fixed asset is 12 years. During 2020, the company erroneously transferred to a multi-year / 5-year depreciation account an expense of € 16,000 Make as many annotations as necessary, and display your calculations. The answer must be in a table format…
1. In your new position as head accountant at Grab and Go, Inc. you noted that last month on July 2, 2018 the company bought "computers" for $500,000; your job is to lower their corporate taxes if possible. You decide to use MACRS for depreciation. The years in question are: 2017, 2018, 2020, 2022, 2024.
Paltel Corporation records in their income statement of 2016 that the entertainment expense is 500,000 NIS where their gross income for the same year is 50 million NIS. According to Palestinian Income tax law 8/2011, Paltel can record as an entertainment expense: write the answer steps a) 500,000 NIS. b) 300,000 NIS. c) 150,000 NIS. d) 1,000,000 NIS.
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CoinSoft was a company that developed software to manage portfolios of cryptocurrencies. In 2021, the company's revenue was $14 million. In 2022, customers paid for $4 million in upgrades. In the same year, there were $0.5 million in downgrades and $0.8 million in reduced revenue from customers who went out of business themselves or switched to a competitor. Calculate the net dollar retention in percentage form? The correct answer is 119.3, please explain fully
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