The Largest Item of the Deferred Tax Liability for Most

question 54

Multiple Choice

The largest item of the Deferred Tax Liability for most companies is caused by:

• A)providing the allowance for doubtful accounts for book purposes.
• B)differences in inventory cost flow assumptions (FIFO vs.LIFO)for tax versus financial accounting purposes.
• C)differences in depreciation methods (accelerated vs.straight-line)for tax versus financial accounting purposes.
• D)amortizing bond premium or discount for tax purposes.

Grasp the significance of overregularization errors in the development of language in children and what these errors signify about their cognitive processes.

Describe key concepts of Vygotsky’s theory and how they can be applied to improve academic instruction.

Evaluate the importance of early childhood education programs that include both academic and play-based learning.

Understand the concept of identity states or statuses as defined by James Marcia.

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Definitions:

Rational-basis Test

A standard of review used by courts to evaluate the constitutionality of a statute, requiring that the law be rationally related to a legitimate government interest.

Supremacy Clause

Article VI, Paragraph 2, of the U.S. Constitution, which states that the Constitution and all laws and treaties of the United States constitute the supreme law of the land. Thus, any state or local law that directly conflicts with the U.S. Constitution or federal laws or treaties is void.

Federal Laws

Laws enacted by the national government that apply throughout the country.

Intermediate Scrutiny

A standard of review under which a law must be necessary to achieve a substantial, or important, government interest and must be narrowly tailored to that interest.