Which of the Following Is a Major Reason the U

question 52

Multiple Choice

Which of the following is a major reason the U.S.Constitution has endured for 225 years?

• A)due to the power it concentrates in the chief executive
• B)due to the face that it created an independent judiciary
• C)due to the public's widespread acceptance of the Constitution
• D)due to the fact that it gives most power to the states

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Definitions:

Net Income

The company's earnings post all deductions, including expenses and taxes, from its overall revenues.

Deferred Tax Liability

This is a tax obligation that a company owes but can pay at a future date due to timing differences between its financial accounting and tax filing.

Deferred Tax Asset

An accounting asset representing the amount of taxes payable in future periods due to deductible temporary differences and carryforwards.

Capital Cost Allowance

A tax deduction in some tax systems for businesses, representing depreciation on capital assets.