Which of the following intercompany transactions creates temporary book/tax differences when a parent corporation owns 100% of a subsidiary's stock and the companies file a consolidated return?
A. intercompany dividends
B. intercompany sale
C. undistributed subsidiary earnings
D. None of the above items create temporary differences.
Answer: D
You might also like to view...
The example of Rubbermaid in Wooster, Ohio shows us that
a. international trade is always favorable for the U.S. economy. b. tariffs can reduce firm mobility, thus keeping jobs in the U.S. c. although international trade generally benefits all, the movement of firms can have a temporary negative impact on workers in a region. d. prices always rise to account for price increases in raw materials.
Which of the following is most likely to be a barrier to exit?
A) high advertising expenses B) specialized assets C) many product substitutes D) high customer power E) R&D expenses
What contemporary trend in HRM is associated with the centralisation and standardisation of HR delivery across an entire organisation:
a. increasing use of shared service centres b. decreasing use of shared service centres c. outsourcing of particular HR activities d. devolution of responsibility to line managers
The main purpose exception to the Statute of Frauds allows oral collateral contracts to be enforced if there is a monetary benefit to the guarantor
Indicate whether the statement is true or false