Which of the following results in an increase in income tax expense for a particular time period?

A. An increase in the income tax rate for future years that was enacted during the time period for a company reporting a deferred tax liability at the end of the period.
B. An increase in the income tax rate for future years that was enacted during the time period for a company reporting a deferred tax asset at the end of the period.
C. A decrease in the deferred liability account during the period.
D. An increase in the deferred tax asset account during the period.


Answer: A

Business

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Which of the following statements is true of the North American Industry Classification System (NAICS)?

A. It was developed by the Federal Trade Commission (FTC). B. It is a classification system developed by the United States. C. It uses an eight-digit classification system. D. It is limited in its use to only manufacturing companies. E. It was created to collect data on North America's business activity.

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Incompatible demands regarding what a person’s role entails is known as ______.

A. role conflict B. role ambiguity C. role overload D. role enlargement

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Customer relationship initiatives for a firm’s best customers should focus on?

a. Maintaining and cultivating the existing relationship b. Attempting to increase sales of additional goods and services to these customers c. Both maintaining and cultivating the existing relationship and attempting to increase sales of additional goods and services to these customers d. Severing ties with the customers

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Which of the following was a characteristic of the culture at Galleon?

a. It was open and transparent b. Mr. Rajaratnam was a difficult and demeaning boss c. It had a good compliance program d. It had training on insider training

Business