A deferred tax asset would result if
A) a company recorded a tax penalty in 2016 that it paid in 2017.
B) a company recorded more taxable depreciation in 2016 for an asset acquired in 2008.
C) a company recorded more warranty expense in 2016 than cash paid in 2016 for warranty repairs.
D) a company recorded more interest revenue in 2016 than cash received in 2016 for interest.
C
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On October 1, 2018, Northern Company purchased a patent for $211,000 cash. Although the patent gives legal protection for 20 years, the patent is expected to be used for only 10 years. The patent has no residual value. What will be the balance in the patent account on September 30, 2019?
A) $189,900 B) $211,000 C) $200,450 D) $105,500
According to Jean Piaget, what does a child possess at 18 months that he or she does not at 14 months?
a. feelings such as pride and shame b. curiosity c. a social smile d. an understanding of what it means to be good or bad
The IRS is not required to make a letter ruling public.
Answer the following statement true (T) or false (F)
______ followers do not wait to be asked.
A. Engaged B. Dynamic C. Proactive D. Active