The Following Act Was Passed Specifically to Monitor and Prevent

question 2

Multiple Choice

The following act was passed specifically to monitor and prevent corruption in major trade unions:

• A) National Labor Relations Act.
• B) Labor Management Relations Act.
• C) Labor-Management Reporting and Disclosure Act.
• D) Fair Labor Practices Act.

Identify and record deferred tax liabilities and assets.

Understand the effect of changes in income tax rates on deferred taxes.

Recognize the need for interperiod tax allocation due to temporary differences.

Distinguish between temporary and permanent differences in taxable vs. financial income.