How many people does it take to make google?
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Did you go to space to make google maps also the whole world?
Analysis Cases 16-8 Access the financial statements and relateddisclosure notes of Google Inc. from its website atinvestor.google.com. In Google's balance sheet, deferred incometaxes in 2010 are reported as both a current asset ($259 million)and a noncurrent asset ($265 million) but none amongliabilities.
Required: Explain why deferred income taxes can be reported asboth an asset and a liability. Is that the case for Google in2010?
Note 15 in the disclosure notes indicates that deferred taxassets are $1,221 million in 2010 and deferred tax liabilities are$405 million. How can that be explained in light of the two amountsreported in the balance sheet?
Does Google feel the need to record a valuation allowance forits deferred tax assets?
Look at this scenario. You are attempting to make a decisionwhether to eat out tonight or cook. What is the process you gothrough to make your decision? Use the decision making process asyou explain your results. Do not assume it is best to cook. It maynot be depending on your meal and how many people you have to feed.Explain in 125 words with a credible resource.
