Which Statement Is False

question 66

Multiple Choice

Which statement is false?

• A)The overall tax effect of a DPAD is a rate reduction or a tax credit.
• B)For a flow-through entity, modified AGI is substituted for taxable income.
• C)FASB requires the DPAD to be reported as a special charge.
• D)MPGE refers to a merge, paid, gain, and expense.
• E)All of the above are correct.

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Definitions:

Consistency

The quality of achieving a level of performance or behavior that does not vary greatly in quality over time.

Consistency

denotes the attribute of being uniform, stable, and unchanging over a period of time.

Law of Effect

A principle of behavior psychology suggesting that actions which produce rewards tend to be repeated, while actions that produce discomfort are avoided.

Positive Outcomes

Favorable, beneficial, or desirable results from actions, decisions, or situations.