What Happens When You Click the Print Command on the Print

question 18

Multiple Choice

What happens when you click the Print command on the Print menu?

• A) The document prints using the customized print settings.
• B) The Print dialog box opens.
• C) The document opens in Print Preview.
• D) The document opens in Print Layout view.

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Definitions:

Deferred Tax Liability

A tax obligation due in the future for income that has been recognized in the financial statements before it is taxable by tax authorities.

Tax Depreciation

The depreciation expense deducted for tax purposes, allowing taxpayers to recover the cost of a property or asset used in a trade or business for income-producing purposes.

Accounting Depreciation

Represents the systematic allocation of the depreciable amount of an asset over its useful life, reflecting the wear and tear, obsolescence, or other declines in value as an expense in the income statement.

Company Tax Rate

The rate at which a corporation's income is taxed by the government.