Which of the Following Statements Is FALSE

question 138

Multiple Choice

Which of the following statements is FALSE?

• A)Potassium chlorate can be mixed with sulfuric acid and sugar to create a low explosive.
• B)Chemicals that supply oxygen are known as oxidizing agents.
• C)Smokeless powder is a low explosive.
• D)Dynamite is an initiating high explosive.

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Deferred Tax Asset

A tax reduction or benefit that arises due to temporary differences between the book value and tax value of assets and liabilities, which can be used to offset future tax liabilities.

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The amount of income tax a company owes to the government but has not yet paid, usually accumulated over a financial period.

Income Tax Expense

The amount of money a company owes in taxes based on its taxable income.

Long-term Debt

Debt obligations with a maturity of more than one year, utilized to finance a company's operations or expansions over a longer period.