Which of the following represents a permanent difference?

a. Point-of-sale revenue recognition for financial reporting purposes, installment method for tax purposes
b. Goodwill amortization deducted on the tax return but not amortized for financial reporting purposes
c. Straight-line depreciation for financial reporting purposes, accelerated depreciation for tax purposes
d. Carryback, carryforward option for taxes, no such option for financial reporting purposes


B

Business

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The most powerful trend in ERP is likely to be?

a. RFID b. Lean management c. Manual inventory tracking d. Cloud computing

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Deontologists would agree that the increasing medical concern over obesity in the United States justifies federal regulation of high fat, high sugar, low nutrition food advertising during children's television programs

Indicate whether the statement is true or false

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Roger Clements wants to calculate a series discount using the complements of the following individual discount rates: 20%, 15%, 10%. What are the complements?

a. 0.80, 0.85, 0.80 b. 0.90, 0.75, 0.90 c. 0.80, 0.75, 0.80 d. 0.80, 0.85, 0.90

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