Which of the Following Is Most Likely to Be an Example

question 153

Multiple Choice

Which of the following is most likely to be an example of an assault?

• A) someone bumps into you while walking down the street
• B) someone beats you up in a fist fight
• C) someone points a gun at you while you are sleeping
• D) someone wiretaps your phone
• E) none of the other choices

---

Definitions:

Amortizable Capital Assets

Long-term assets whose cost is gradually expensed over their useful life, such as buildings and equipment.

Temporary Differences

Differences between the accounting value and tax value of assets and liabilities, resulting in deferred tax assets or liabilities.

Deferred Income Taxes

Taxes that are assessed or paid on income that is recognized in one period for financial reporting purposes but in a different period for tax purposes.

Fair Value Increments

Increases in the value of an asset or security that result from a reassessment of its fair value, often reflected in financial statements to show current market conditions.