Which of the following items results in a temporary difference taxable amount for a given year?
a. Premiums on officer's life insurance (company is beneficiary)
b. Premiums on officer's life insurance (officer is beneficiary)
c. Vacation pay accrual
d. Accelerated depreciation for tax purposes; straight-line for financial reporting purposes
D
You might also like to view...
____ and PL/SQL allow the construction and parsing of statements at runtime rather than compile time.
A. Dynamic SQL B. Native SQL C. DBMS_SQL D. AD_HOC SQL
Which of the following is a good faith purchaser?
A) a person who pays sufficient consideration for good to someone he honestly believes has good title B) a person who buys stolen goods without being aware of it C) a buyer who agrees to hold goods for a person until the delivery of the goods is made D) a buyer to whom goods are delivered by a seller to sell on the seller's behalf
Which of the following characteristics does not usually apply to process operations?
A. Each unit of product is separately identifiable. B. Costs are computed using equivalent units. C. Partially completed products are transferred between processes. D. A separate Work in Process Inventory is used for each process. E. Each process is a separate department.
Mackenzie, an agent for Lindsay, signs an agreement with Kirk on Lindsay's behalf but neglects to tell her that the agreement requires the payment of a certain tax. The government prosecutes Lindsay for failing to pay the tax. She is
a. liable, because notice to Mackenzie is notice to Lindsay. b. liable, because notice to Kirk is notice to Lindsay. c. not liable, because Mackenzie did not tell Lindsay about the tax. d. not liable, because Kirk did not tell Lindsay about the tax.