Emily Kent Works as a Computer Programmer for a Software

question 21

Multiple Choice

Emily Kent works as a computer programmer for a software company. Her boss, Sam Anderson, is responsible for developing a new software game for the Nintendo Switch. After completion of the project, Sam gives all of the team members a free copy of the game without consent from the company. Emily is a little hesitant and unsure about accepting the game because legally it would be considered ________.

• A) Counterfeit software
• B) Pirated software
• C) Ethical software
• D) Governance software

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Definitions:

IRS

The Internal Revenue Service, a U.S. government agency responsible for the collection of taxes and enforcement of tax laws.

Reversing Temporary Difference

An accounting adjustment that reverses differences between tax and financial reporting over time.

Originating Temporary Difference

A difference that arises in a particular period between the book income and taxable income, which is expected to reverse in the future.

Municipal Bonds

Debt securities issued by municipalities or local governments to finance public projects, typically offering tax-exempt interest payments to investors.