FGH Had a $1,200 Temporary Difference for Deferred Gross Margin

question 66

Multiple Choice

FGH had a $1,200 temporary difference for deferred gross margin on instalment sales at the end of 2012.This temporary difference will reverse equally during 2013,2014 and 2015.The enacted corporate income tax rate is 48% and government is discussing a reduction in the corporate income tax rates for 2014 and 2015 to 38%.The deferred income tax liability related to this temporary difference at the end of 2013 would be:

• A) $192
• B) $248
• C) $384
• D) $576

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Definitions:

Psychopathic Killers

describes individuals who commit murders and exhibit characteristics of psychopathy, including lack of empathy, manipulative behavior, and often charm.

External Restraint Theory

A theory suggesting that individuals refrain from deviant behavior due to various external factors like laws, social norms, or the presence of authority figures.

Homicide

The act of one human killing another, including murder and manslaughter, regardless of intent or legality.

Suicide

is the act of intentionally causing one's own death. It's driven by numerous factors, including mental illness, trauma, and severe stress.