The tax effects of temporary differences that give rise to deferred tax assets and liabilities are as follows ($ thousands):

2007

2006

Deferred tax assets:

Accrued expense

$8,613

$7,927

Tax credit and net operating loss carry forwards

2,288

2,554

LIFO and inventory reserves

5,286

4,327

Other

2,664

2,109

Deferred tax assets:

18,851

16,917

Valuation allowance

(1,245)

(1,360)

Net deferred tax assets

$17,606

$15.557

Deferred tax liabilities:

Depreciation Ana Amortization

(27,338)

(29,313)

Compensation and retirement plans

(3,831)

(8,963)

Other

(1,470)

(764)

Deferred tax liabilities

(32,639)

(39,040)

Net Deferred tax liability

($15,033)

($23,483)

If the valuation allowance had been the same in 2007 as it was in 2006, the company would have reported $115 higher

a. net income.

b. deferred tax asset.

c. income tax expense.

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Benefits of our college essay writing service

  • 80+ disciplines

    Buy an essay in any subject you find difficult—we’ll have a specialist in it ready

  • 4-hour deadlines

    Ask for help with your most urgent short tasks—we can complete them in 4 hours!

  • Free revision

    Get your paper revised for free if it doesn’t meet your instructions.

  • 24/7 support

    Contact us anytime if you need help with your essay

  • Custom formatting

    APA, MLA, Chicago—we can use any formatting style you need.

  • Plagiarism check

    Get a paper that’s fully original and checked for plagiarism

What the numbers say?

  • 527
    writers active
  • 9.5 out of 10
    current average quality score
  • 98.40%
    of orders delivered on time
error: