Which of the Following Correctly Describes the Effects of Accruing

question 70

Multiple Choice

Which of the following correctly describes the effects of accruing income tax expense at year-end?

• A)A cash payment is made to pay the taxes due.
• B)Liabilities are not affected.
• C)Retained earnings decreases.
• D)Net income is not affected.

Understand the effects of organizational size on structure and decision-making processes.

Comprehend the concepts of specialization, formalization, and centralization in organizational structures.

Identify the structural characteristics of different organizational forms (mechanistic vs. organic, flat vs. tall).

Analyze the role of task complexity and innovation in shaping organizational structures.

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Definitions:

Tax Revenue

The income that is gained by governments through taxation.

Demand Elastic

The responsiveness of demand for a good or service to changes in its price, income levels, or substitute and complementary products' prices.

Machine Parts

Components or pieces that are used in the assembly or repair of machinery and equipment.