Which of the Following Is a Supplementary Part of a Report

question 29

Multiple Choice

Which of the following is a supplementary part of a report?

• A)Letter of transmittal
• B)Appendix
• C)Executive summary
• D)Letter of authorization

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Definitions:

Deferred Income Tax Asset

A balance sheet item that represents the difference between taxes already paid or accrued and the expected future tax payment, indicative of taxes that will be recovered in future periods.

Separate Income Tax Returns

Tax documents filed individually by entities or persons instead of jointly or as part of a consolidated group.

Tax Rate

The proportion of income that the government takes as tax from an individual or a company.

Accrual-based Consolidated Net Income

The net income of a consolidated group of companies, calculated using the accrual method of accounting, which records revenues and expenses when they are incurred, regardless of cash movement.