Which of the following does not result in a permanent book/tax difference?
A. NOL carryforwards
B. Business entertainment expenses
C. Lobbying expenses
D. Tax-exempt interest on state and local bonds
Answer: A
You might also like to view...
Cash dividends reduce both the retained earnings and the stockholders' equity in the corporation
a. True b. False Indicate whether the statement is true or false
Debits are good and credits are bad in financial terms
a. True b. False Indicate whether the statement is true or false
Which of the following would be considered the MOST effective project reward?
A. Public recognition B. Lump-sum cash award C. Desirable job assignments D. All-expenses-paid trip for team members and their families E. Using negative reinforcement to motivate adequate performance
Which one of the following is not a factor that limits the service life of an asset?
A) operational use B) replacement value C) deterioration as a function of time D) obsolescence