In 2020. Hudson Motors recorded an expense and corresponding liability to recognize potential losses relating to a car recall of $12 million. Its net income for the year was $200 million. It was not able to take a deduction for tax purposes until later years when it actually paid for the expenses related to this recall. In 2020, with respect to this, Hudson Motors would have: A. recognized a tax loss carryforward B. recognized a deferred tax liability. C. recognized a deferred tax asset D. recognized a deferred equity loss

was due inancial State nc. should report

What is FASB ASC Topic 842 about?

Need help

Define R&D according to U.S. GAAP.Define R&D according to U.S. GAAP.

How to calculate WACC

58. What role do safety audits play in ensuring compliance with safety regulations?

E14.7

What information is included in Form 10-K?

Hansen Corporation. a C Corporation (mot a manufacturer) reports the following items in income and expenses for 2021 Gross Revenue $900,000 Dividend Received from 30% owned Corp 200,000 LTCG 30,000 STCL 12000 City of Lee's Summit Bond Interest 10000 COGS 375000 Administrative Expenses 325000 Charitable Contribution 60,000 Compute Hansen's C Corp Taxable income?