Zola Inc. paid a $10,000 legal fee to the attorney who resolved a dispute over Zola's title to investment land. Zola's auditors required the corporation to expense the payment for financial statement purposes. The tax law required Zola to capitalize the payment to the basis of the land. This difference in accounting treatment results in a:
A. Deferred tax asset
B. Permanent favorable book/tax difference
C. Deferred tax liability
D. Permanent unfavorable book/tax difference
Answer: A
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Indicate the correct form of the verb in parentheses. Two passengers attempted to check in after we (past perfect tense of close) the flight
Three conditions are often present when fraud exists. First, management or employees have an incentive or are under pressure, which provides them a reason to commit the fraud act. Second, circumstances exist – for example, absent or ineffective internal controls or the ability for management to override controls – that provide an opportunity for the fraud to be perpetrated. Third, those
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Making an oral or a written statement of alleged fact that is false and that harms another person is_____
Fill in the blank(s) with correct word
Which of these is the system of incentives and monitors that tries to overcome the agency problem?
A. checks and Balances B. corporate Governance C. board of Directors D. Security Exchange Commission