Huml Inc Could Not Deduct an Accrued Expense Because of the the All-Events

question 105

True/False

Huml Inc. could not deduct an accrued expense because of the all-events test. As a result, Huml has a permanent unfavorable book/tax difference.

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Definitions:

Fluke-Platyhelminthes

A class of parasitic flatworms within the Phylum Platyhelminthes, including liver flukes and blood flukes, affecting various hosts.

Calcium Crystals

Mineral deposits found in various tissues of the body, often in bones and teeth, contributing to their hardness.

Silica Crystals

Rigid, crystalline structures made of silicon dioxide (SiO2), found in nature as quartz and used industrially and scientifically for various applications.

Spicules

Small, spike-shaped structures found in certain animals like sponges, serving as a skeletal element.