Which of the Following Items Is NOT a Reconciling Item

question 42

Multiple Choice

Which of the following items is NOT a reconciling item in the income tax footnote?

• A) Compensation deduction related to incentive stock options.
• B) Compensation deduction related to nonqualified stock options that were expensed for financial accounting purposes.
• C) Domestic production activities deduction.
• D) State and local income taxes.

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Definitions:

Cilia

Short, hairlike projections from the plasma membrane, occurring usually in larger numbers.

Zygospore

Thick-walled resting cell formed during sexual reproduction of zygospore fungi.

Ascocarp

Reproductive structure of the sac fungi (phylum Ascomycota).

Basidium

Clublike structure in which nuclear fusion, meiosis, and basidiospore production occur during sexual reproduction of club fungi.