Which of the Following Is Included as Part of APB

question 25

Multiple Choice

Which of the following is included as part of APB 23?

• A)A parent corporation can exclude a foreign subsidiary's income if earnings will not be repatriated.
• B)A parent corporation can exclude deferred taxes on foreign income if earnings will not be repatriated.
• C)A parent must meet a more-likely-than not standard to determine the effect of a tax benefit.
• D)A parent must disclose details relating to tax uncertainties of its subsidiaries.

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Definitions:

Nerve Tissue

Specialized tissue that makes up the nervous system, comprising neurons and supporting cells, functioning to transmit signals between different parts of the body.

Columnar Epithelium

Type of epithelial tissue with cylindrical cells.

Kidney Tubules

Microscopic tubes in the kidneys where urine is formed through the processes of filtration, reabsorption, and secretion.

Desmosome

A type of intercellular junction that anchors cells together in tissues that are subject to considerable stretching.