Examlex
Define the following:
a. Deferred method of income tax allocation
b. Asset-liability method of income tax allocation
c. Net-of-tax method
Parallel
A circuit configuration where components are connected across common points or junctions, allowing current to divide and flow through multiple paths.
Series
Components in an electrical circuit are said to be in series if they are connected along a single path, so the same current flows through all of the components.
Inductive Reactance
The opposition to alternating current flow due to the inductance of a component or circuit, measured in ohms.
Reactive Power
Also called wattless power. Calculated by multiplying reactive voltage by reactive current. Can be produced by inductive or capacitive loads.
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