Match the Terms with Their Correct Meanings

question 120

Multiple Choice

Match the terms with their correct meanings.

-Membrane surrounding bones

• A)manubrium
• B)mastoid process
• C)medullary cavity
• D)metaphysis
• E)olecranon
• F)osseous tissue
• G)ossification
• H)osteoblast
• I)osteoclast
• J)periosteum

---

Definitions:

Deferred Tax Liability

An accounting term representing a tax obligation that a company owes but is allowed to pay at a future date.

Pretax Accounting Income

Income earned by a business before taxation has been deducted, as recorded in its financial accounts.

Deferred Tax Liabilities

Future tax payments due to temporary differences between financial accounting and tax accounting practices.