Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. hello, i need help with the analyzing and determin

Hello, I need help with the analyzing and determining liability amounts. Please explain your answer...

50.1K

Verified Solution

Question

Accounting

Hello,

I need help with the analyzing and determining liability amounts. Please explain your answer and show calculations.

For this situation, indicate the liability amount, if any, that is reported on the balance sheet of Dillards at December 31, 2016.

d). Dillards provides a profit-sharing bonus for its executives equal to 5% of reported pretax annual income. The estimated pretax income for 2016 is $800,000. Bonuses are not paid until January of the following year.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Statistics
1.2K views

Can taking chess lessons and playing chess improve memory? The online article “The USA Junior Chess...

Programming
1.2K views

1- Definition and introduction of its layer 2- Explain the network functions 3- Explain the data transfer...

Finance
1.2K views

Shai Co. is considering a four-year project that will require an initial investment of $12,000. The...

Biology
1.2K views

Why are efforts made to identify unknown bacteria?selection of sterilization protocolsgain information regarding appropriate disease...

Physics
1.2K views

24 n identical cells whether joined together in series or in parallel give the same...

Calculus
1.2K views

Speedometer readings for a vehicle in motion at 3 second intervals are given in the...

Algebra
1.2K views

Identify the vertical and horizon tal asymptotes of each rational function Show your wo 2x...

Accounting
1.2K views

Prepare the statement of cash flows for the year ended...

Accounting
1.2K views

Problem 21-2A (Part Level Submlssion) Deleon Inc. is preparing ts annual budgots for the year...

Accounting
1.2K views

Rome Restaurant has the opportunity to purchase a new pizza oven for their new line...

Accounting
1.2K views

Finance
1.2K views

An investment project has annual cash inflows of $4,335, $3,791, $4,792, and $3,597 for the...