Intraperiod Tax Allocation Would Be Appropriate for All of the Following

question 95

Multiple Choice

Intraperiod tax allocation would be appropriate for all of the following except

• A) an unrecognized gain on available-for-sale securities.
• B) a loss from operations of a discontinued segment.
• C) retrospective adjustments.
• D) a loss from impairment of a long-lived asset.

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Definitions:

Augmenting Principle

A principle in attribution theory suggesting that if an event occurs despite the presence of strong opposing forces, we should attribute the event to the actions of the agent.

Self-Fulfilling Prophecy

A prediction that directly or indirectly causes itself to become true due to positive feedback between belief and behavior.

Self-Serving Bias

A cognitive bias that involves perceiving oneself in an overly favorable manner or attributing success to personal factors while attributing failures to external factors.

Actor-Observer Effect

The tendency to attribute one's own actions to external causes while attributing others' actions to internal factors.