When a Company Has a Credit Balance in Its Deferred

question 40

Multiple Choice

When a company has a credit balance in its Deferred Tax account,this amount would appear as a(n)

• A)contra asset on the balance sheet.
• B)stockholders' equity account on the balance sheet.
• C)expense account on the income statement.
• D)liability account on the balance sheet.

---

Definitions:

Monitoring Behavior

The process of observing and recording the actions or reactions of individuals in different situations to understand or assess their performance or condition.

Parental Influence

The impact that parents have on their children's development, including their behaviors, values, and attitudes, through genetics, upbringing, and the home environment.

Discussing Sex

The act of talking about sexual topics, including behavior, orientation, health, and relationships, often considered important for education and promoting healthy attitudes towards sexuality.

Approachable

Being easy to approach or talk to, friendly and open to communication.