A deferred tax liability represents a potential future tax benefit associated with income reported in the current year GAAP financial statements
a. True
b. False
Indicate whether the statement is true or false
False
RATIONALE: The statement describes a deferred tax asset.
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Overland, Inc had 150,000 shares of common stock issued and outstanding at December 31 . 2013 . On July 1 . 2014, an additional 25,000 shares of common stock were issued for cash. Overland also had unexercised stock options to purchase 20,000 shares of common stock at $15 per share outstanding at the beginning and end of 2014 . The market price of Overland's common stock was $20 throughout 2014
What number of shares should be used in computing diluted earnings per share for the year ended December 31 . 2014? a. 182,500 b. 180,000 c. 167,500 d. 177,500
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Indicate whether the statement is true or false
Why are organizations changing from batch (large) shipments to just-in-time (JIT) shipments?
What will be an ideal response?
A person only slightly intoxicated is not considered to be an incompetent party
Indicate whether the statement is true or false