Temporary differences that will cause taxable income in future periods to be lower than pre-tax book income in future periods give rise to:
A. deferred tax liabilities.
B. permanent differences.
C. expense.
D. deferred tax assets.
Answer: D
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Suppose that a change in the expected inflation rate leads supply and demand to adjust so that the after-tax expected real interest rate is unchanged at 2.0 percent. The tax rate is 30 percent. Initially, the expected inflation rate is 3.0 percent. If the expected inflation rate falls from 6 percent to 0 percent, the nominal interest rate
A. rises by 8.5 percent. B. rises by 4.25 percent. C. falls by 4.25 percent. D. falls by 8.5 percent.
When employees initiate a turnover, when the organization would prefer to keep them, it is called ________ turnover.
A. involuntary B. retentive C. voluntary D. dysfunctional E. external
________ forms the basis of the social factors influencing people's buying decisions.
A. Culture B. Brand loyalty C. Status D. Segmentation E. Religion
A schedule of cash receipts is often prepared in conjunction with the sales budget.
Answer the following statement true (T) or false (F)