Kling Corporation reports a $150,000 cash tax savings from a temporary book-tax difference. This item has the same effect on Kling's current year effective tax rate as a $150,000 cash tax savings that is a permanent book-tax difference
a. True
b. False
Indicate whether the statement is true or false
False
RATIONALE: Temporary differences do not affect the ETR.
You might also like to view...
Consider the Demand for Microwave Ovens dataset. What is the total demand corresponding to random numbers 88, 63, 57, 79, 38, and 18?
a. 13
b. 14
c. 15
d. 16
In a communication process, ________ is the part of a receiver's response that is communicated back to the sender.
A. sourcing B. feedback C. noise D. decoding E. encoding
Which of the following is true of the European Union's Data Protection Directive?
A) It requires fraudulent companies working for the European Union to maintain a do-not-spam list. B) It prohibits businesses from sending misleading or deceptive commercial emails, but denies recipients any legal recourse on their own. C) It establishes privacy as a fundamental human right for EU citizens. D) The law is less restrictive than U.S. laws.
Shane purchased a stock this morning at a cost of $13 a share. He expects to receive an annual dividend of $0.27 a share next year. What will the price of the stock have to be one year from today if Shane is to earn a 8 percent rate of return on this investment?
A. $13.77 B. $14.28 C. $12.38 D. $12.88 E. $12.60