The Creation of the U

question 52

Multiple Choice

The creation of the U.S. Northern Command was important because it

• A) ultimately led to the creation of the Department of Homeland Security.
• B) unified, for the first time in American history, the Air Force, the Navy Department, and the War Department.
• C) breached the long-standing line between domestic law enforcement and foreign military operations for the first time.
• D) was the first time the Department of Defense had taken such an action without congressional approval.

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Definitions:

Deferred Income Tax

An accounting concept that represents the difference between taxes payable and tax expense due to timing differences in recognizing revenues and expenses.

Tax Rate

The rate at which taxes are levied on an individual or a company's income.

Equity Method

An accounting technique used to record investments in other companies, where the investment is significant but does not result in full control or majority ownership, typically 20% to 50% of the investee's voting stock.

Cost Method

An accounting method used to value an investment at its original purchase cost, adjusted for dividends, stock splits, and stock dividends.