Assume Both Current and Deferred Taxes Are Positive Values

question 49

Multiple Choice

Assume both current and deferred taxes are positive values.Given this,deferred taxes will

• A)reduce the current tax expense and thus increase net income.
• B)increase expenses and increase operating cash flows.
• C)increase expenses and lower operating cash flows.
• D)reduce net income but not affect the operating cash flows.
• E)reduce both net income and operating cash flows.

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Definitions:

Cognitive-Behavioral Therapy

A type of psychotherapeutic treatment that helps patients understand the thoughts and feelings that influence behaviors to treat various mental disorders.

Existential Therapy

A therapy that encourages clients to accept responsibility for their lives and to live with greater meaning and value.

Humanistic Therapy

A system of therapy in which clinicians try to help clients look at themselves accurately and acceptingly so that they can fulfill their positive inborn potential.

Psychodynamic Therapy

is a form of depth psychology, the primary focus of which is to reveal the unconscious content of a client's psyche in an effort to alleviate psychic tension.