When a Presentation Has Only a Few Slides, You Easily

question 74

Multiple Choice

When a presentation has only a few slides, you easily can drag and drop the slide thumbnails in the ____ pane.

• A)Notes
• B)Slides
• C)Research
• D)Outline

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Definitions:

Permanent Differences

Permanent differences are disparities between taxable income and accounting income that arise from certain transactions and events, which will not reverse in the future.

Deferred Tax Assets

Future tax benefits arising from situations where the amount of taxes paid on financial statements exceeds the amount owed for tax purposes, which can be used to reduce future tax liability.

Deferred Tax Liabilities

Deferred tax liabilities are taxes that have been accrued but will not be paid for until a future date, typically due to timing differences between accounting and tax laws.

Effective Tax Rates

The average percentage at which an individual or corporation is taxed.