Losses from ________ exposure generally reduce taxable income in the year they are realized. ________ exposure losses are not cash losses and therefore, are not tax deductible
A) transaction; Operating
B) accounting; Operating
C) accounting; Transaction
D) transaction; Translation
Answer: D
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In helping to determine personality, how does the MBTI differ from the “Big Five Personality Model”?
a. It is specifically attuned to work/employment style. b. It is more sensitive with respect to race and gender. c. It is less concerned with introversion/extroversion factors. d. It includes dimensions like openness to experience.
U.S. GAAP defines the primary measurement of the pension liability of the pension plan as the projected benefit obligation (PBO)—the future value of the amount the pension plan expects to pay to employees during retirement based on accumulated service but using the level of salary expected to serve as a basis for computing pension benefits
Indicate whether the statement is true or false
Market value ratios indicate:
A. ?the effect of liquidity, asset management, and debt management on operating results. B. ?how much debt the firm has and whether it can take on more debt. C. ?the firm's ability to meet its current obligations. D. ?how effectively a firm is managing its assets. E. ?what investors think of the company's future prospects based on its past performance.
Not all firms have the same optimal capital structure. Factors that might influence a firm's capital structure include:
A) the industry in which it operates. B) the volatility of its sales and operating income. C) the collateral value of its assets. D) all of the above