Which of the Following Taxes Would Not Be Accounted for Under

question 98

Multiple Choice

Which of the following taxes would not be accounted for under ASC 740?

• A) Value-added taxes paid to the Swiss government.
• B) Income taxes paid to the German government.
• C) Income taxes paid to the U.S. government.
• D) Income taxes paid to the City of New York.

---

Definitions:

Social Environment

The immediate physical and social setting in which people live or in which something happens or develops, including the culture, institutions, and people they regularly interact with.

Locus of Control

A psychological concept that refers to individuals' beliefs about the extent to which the outcomes of their actions are under their own control (internal locus) or influenced by external factors (external locus).

Personal Beliefs

Deeply held convictions or opinions that guide an individual's actions and judgements.

Core Self-evaluation

A personality trait which encompasses an individual's subconscious, fundamental evaluations about themselves, their capabilities, and their worth.