What Does the Term Faying Surface Relate To

question 25

Multiple Choice

What does the term faying surface relate to?

• A) The surface of a joint that will be melted during the weld.
• B) The frayed edges of welder's pants, shirt, or other clothing.
• C) The surface that cannot be seen directly such as the inside of a pipe weld joint.
• D) It is the outside of the pipe or sides of a weld joint that have been cleaned for welding.

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Definitions:

Loss Carryback

A tax provision allowing companies to apply a net operating loss to previous tax years' profits, resulting in a tax refund.

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.