Which Statement Is Correct

question 38

Multiple Choice

Which statement is correct?

• A)The deferral and accrual methods produce the same tax expense when tax rates are constant.
• B)The deferral method applies new tax rates to accumulated tax balances.
• C)The accrual method applies new tax rates to only to current year's income.
• D)The deferral and accrual methods produce the same tax expense when tax rates are falling.

---

Definitions:

Nicotine Withdrawal

The series of physical and psychological symptoms that occur when a person who has become dependent on nicotine abruptly stops using it.

Irritability

A state of increased sensitivity or susceptibility to being annoyed, easily upset, or angered.

Hyperfocused Attention

An intense concentration or fixation on a particular activity or task, often to the exclusion of everything else.

Decreased Appetite

Decreased appetite describes a reduction in the desire to eat, which can be due to various factors such as illness, stress, or medication effects.