The Boston Tea Party Resulted in All of the Following

question 42

Multiple Choice

The Boston Tea Party resulted in all of the following EXCEPT

• A) the closure of Boston Harbor by the British.
• B) the restrictions of colonists' movement to the West.
• C) a change in colonial government.
• D) the Boston Massacre.
• E) the removal of accused persons to Britain for trial.

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Definitions:

Deferred Tax Assets

Assets on a company's balance sheet that may be used to reduce future tax liability resulting from temporary timing differences between accounting and tax treatments.

Current Tax Liabilities

Taxes owed to the government within the current fiscal year.

Temporary Difference

Refers to the differences that arise between the tax base of an asset or liability and its carrying amount in the financial statements, which will result in taxable or deductible amounts in future years.

Interest On Municipal Bonds

The periodic payments made to investors of municipal bonds, often exempt from federal and sometimes state and local taxes.