The Decimal Equivalent to the Fraction 175/250 Is Equal to

question 48

Multiple Choice

The decimal equivalent to the fraction 175/250 is equal to

• A) 0.5
• B) 0.4
• C) 0.2
• D) 0.7

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Definitions:

Pre-Tax Book Income

Income of a business before the deduction of tax expenses as reported in the financial statements, not necessarily reflective of taxable income.

Depreciation Expense

An accounting method that allocates the cost of a tangible asset over its useful life, reflecting the asset's consumption, wear and tear, or obsolescence.

Temporary Difference

A discrepancy between the tax basis of an asset or liability and its carrying amount on the balance sheet, which will eventually settle and affect taxable income.

Book Income

A company's income as reported in its financial statements, representing the difference between revenues and expenses.