The Effect of a Change in Tax Rates

question 130

Multiple Choice

The effect of a change in tax rates:

• A) Results in a prior period adjustment.
• B) Is allocated between discontinued operations and continuing operations.
• C) Is reported separately after discontinued operations.
• D) Is reflected in income from continuing operations.

---

Definitions:

Norris-LaGuardia Act

A 1932 United States federal law that limited the power of federal courts to issue injunctions against non-violent labor disputes.

Union Organizing

The process by which workers form or join a union to collectively bargain with their employer.

Unfair Labor Practices

Conduct by unions or employers that infringes upon employees' rights or breaches labor legislation.

Railway Labor Act

A U.S. law enacted in 1926 that seeks to avoid any interruption to commerce or to the operation of any carrier, facilitating labor relations in the railway and airline industries.