Using different depreciation methods for book purposes versus tax purposes for the same asset is
a. not allowed since the amount can only be calculated one way or the other, not both.
b. the direct result of the differing goals of financial and tax accounting.
c. contrary to GAAP.
d. against the Internal Revenue Code, and as such, against the law.
b
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A company has net income of $855,000; its weighted-average common shares outstanding are 171,000. Its dividend per share is $1.40, its market price per share is $107, and its book value per share is $104.50. Its price-earnings ratio equals:
A. 1.10. B. 3.90. C. 21.40. D. 20.90. E. 2.50.
Rockville Company makes a $1,200 purchase of merchandise inventory on account. This transaction will be recorded in the ________.
A) cash payments journal B) sales journal C) cash receipts journal D) purchases journal
The expectancy theory of motivation is employed to explain the motivation process in ______.
A. supportive leadership B. participative leadership C. achievement-oriented leadership D. path–goal theory
The four-level PSSP hierarchy of needs includes
A. physiological needs, psychological needs, social needs, and financial needs. B. psychological needs, safety needs, social needs, and personal needs. C. physiological needs, psychological needs, safety needs, and personal needs. D. physiological needs, safety needs, personal needs, and social needs. E. psychological needs, financial needs, social needs, and personal needs.