income tax in the current accounting period. Deferred taxes arise as a result of temporary difference between income tax expense and income tax payable. A temporary difference is the difference between the book value of an asset or liability and the tax of an asset or liability and the tax basis of the same asset or liability. If the income tax expense in the income statement is larger than the current income tax liability the difference is called a deferred tax liability. If the tax expense in the income
Premium Balance sheet Generally Accepted Accounting Principles Income tax
Deferred Tax Assets There are a few accounting differences between tax (IRS) accounting and US GAAP accounting. Some differences cause deferred tax asset which is a future tax benefit. For example‚ say a firm currently is offering a special onetime 2-year warranty when a customer purchases its product. The firm estimates that over a 2-year period it is likely to spend a total of $200‚000 in warranty repairs. The following presents the reported income for this 2-year period using US GAAP rules:
Premium Tax Pension Corporate tax
Samantha Ward Professor Amy Clukey English 300-03 Due Date: September 22‚ 2011 Most Painful Memories: An Explication of Edward Mayes’ “University of Iowa‚ 1976” Take a minute to imagine “Men looking like they had been/attacked repeatedly by a succession /of wild animals‚” “never/ ending blasted field of corpses‚” and “throats half gone‚ /eyes bleeding‚ raw meat heaped/ in piles.” These are the vividly‚ grotesque images Edward Mayes describes to readers in his poem‚ “University of Iowa Hospital
Premium Hospital Suffering Greek loanwords
Explication Of Ulysses In this poem‚ Tennyson reworks the figure of Ulysses by drawing on the ancient hero of Homer ’s Odyssey. Homer ’s Ulysses learns from a prophecy that he will take a final sea voyage after killing the suitors of his wife Penelope. Ulysses finds himself restless in Ithaca and driven by "the longing I had to gain experience of the world". Ulysses says that there is little point in his staying home "by this still hearth" with his old wife‚ handing out rewards and punishments
Premium Odyssey Homer Trojan War
Explication #2 “The Gift” By Li-Young Lee This poem is written in free verse‚ separated into four stanzas each with a varying number of lines and syllables. There is no precise rhyming pattern‚ but there is a pattern within the usage of words. The speaker uses bodily words such as palm‚ hands‚ face‚ and head at the ends of lines in the second stanza when describing‚ in the literal form‚ when the speaker is talking about the experience he went through getting the metal sliver pulled from his palm
Premium Poetry Stanza Rhyme scheme
Poetry Explication The Lamb and The Tyger When Reading William Blake’s poems form the song of innocence and song of experience readers get how both links to each other to create a greater meaning. The Lamb from the song of innocence shows the innocence of god in a person‚ while The Tyger shows the experience of a person. Paired together‚ William Blake’s poem The Lamb and The Tyger uses biblical symbolism and diction to illustrate the perspective of religion both good and bad. The titles of
Premium The Tyger Poetry The Lamb
“I am Canadian” Explication In the free verse poem “I am Canadian”‚ Duke Redbird uses imagery‚ contrast and paradox to confront us with the vastness of Canada and its great diversity. And yet‚ emphasizes the main identity that binds these all – one of a Canadian. In the first segment of the poem‚ the speaker uses light contrast to show diversity with in line-regions. The speaker opens with this form of identity‚ saying “I’m a lobster fisherman in Newfoundland”. While we may not readily relate
Premium Canada
Poetry Explication 20 May 2012 Questions Entwined into “The Summer I Was Sixteen” Words often have meaning behind what is said‚ regardless of those particular words. Emotions can be extrapolated from statements. A close reading and analysis of the poem “The Summer I Was Sixteen’ reveals more to the reader than just what sits on the page. Whilst reading this poem‚ a feeling of unusual melancholy and normalcy arises from a point in time which should be a substantial amount more upbeat. During
Premium Poetry Linguistics Literature
sea as it chooses‚ as do the rolls which go through the blank pages waiting to be filled with unlimited potential. The next two lines contain another simile much like the last‚ “or perhaps like a sleeper / twisting in and out of his dreams” (lines 3-4). This idea of dreams signifies the power of exploration that can be found in a spiral notebook. Kooser goes on to illustrate the literal features as well. In lines 8-10 he describes the notebook as “college ruled lines and its covers / that states in
Premium Poetry Stanza Edgar Allan Poe
Amanda Damiano February 1‚ 2012 Explication of “Women” In "Women"‚ the speaker discusses a women’s purpose: objects in place for support and satisfaction of men. May Swenson conveys the traditional passivity of women through physical placement of words‚ concrete imagery‚ and submissive tone. The first notable characteristic of “Women” is the physical form of the poem itself. The shape of the poem strengthens the ideology of the message Swenson is trying to express. At first glance
Premium Woman Gender role Gender