Revenues and Expenses That Firms Include in Both Net Income

question 42

Short Answer

Revenues and expenses that firms include in both net income to shareholders and in taxable income,but in different periods are referred to as _____________________________________________.

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Definitions:

Ectoderm

The outermost layer of cells in the embryo of a multicellular organism, from which the nervous system, skin, and various sensory organs develop.

Hydrostatic Skeleton

A type of skeleton found in some invertebrates in which contracting muscles push against a tube of fluid.

Asexual Reproduction

The process by which an organism creates a genetically identical copy of itself without the involvement of another organism.

Choanoflagellates

A group of free-living unicellular and colonial flagellate eukaryotes considered to be the closest living relatives of the animals.