RAM Stands for ____________________

question 31

Short Answer

RAM stands for ____________________.

---

Definitions:

Income Tax Expense

The total amount of income tax a company reports it owes in a given fiscal period.

Prepaid Asset

Expenses paid in advance and recorded as assets before they are used or consumed.

Pre-Tax Book Income

The income of a company before taxes as reported in its financial statements, according to accounting principles.

Taxable Income

Income on which tax must be paid. Total income minus exemptions and deductions is used to calculate this figure.